These 3 Tech Stocks Plunged After Earnings: Buy the Dip?
When you factor in the increasing digitization of enterprises and changes in consumer behavior, the tech industry is riding an ongoing breeze that is only going to grow over the long term. Despite these tailwinds, three tech companies recently reported disappointing quarterly results, sending their share prices lower.
Does this mark a slack in the sails, or is it just a lull before the next breeze begins? And if it is just a lull, Should investors buy the dip? Let's take a closer look.
The legacy tech player F5 Networks (NASDAQ: FFIV) proposes load balancing and cybersecurity solutions that distribute network traffic across servers to increase the performance and availability of applications. Given the shift to cloud computing over the last several years, the company has been converting its hardware-based, on-premises technology to cloud environments with software solutions.
Source Fool.com
