After initially trading down a few points immediately following its earnings release, F5 Networks (NASDAQ:FFIV) quickly reversed and ended up sharply higher at the close of after-hours trading this evening.
This is becoming a theme for FFIV. As shown below, the prior two times the stock has reported earnings, it has gapped up at the open the following morning by $8.49 and $10.01, respectively. And both times, the stock continued higher during regular trading hours as well. Last October, the stock went up an additional $4.01 from the open to the close, and then in January, the stock gained an added $1.53 to its gap up of $10.01. If this trend continues, FFIV could be up double digits by the close tomorrow.