Is Now The Time To Get Into F5? (FFIV, CRM, JNPR)

Shares of F5 Networks FFIV are getting killed today, down some 22% today to $108.58, a loss of over $30 per share. Does this mean that now is a good time to get into shares of F5? Brian Marshall, an analyst at Gleacher & Co. thinks so. Marshall said that any price under $110 is good price to buy shares of F5. Despite the thrashing the company's shares are taking today, Marshall believes the company is actually cheap on a price-to earnings growth (PEG) ratio. Marshall said F5's PEG is about 1 at these levels. Marshall said that Wall Street had too high of expectations for the company, and that when you add in net cash, to the company's multiple you get a price of $130 per share. Despite this analysis, shares of F5, plus competitors like Salesfore.com CMR, Juniper Networks JNPR and Rackspace RAX are dropping sharply, based on the sharp downward move in shares of F5. F5 Networks, Inc. provides technology that optimizes the delivery of network-based applications, as well as the security, performance, and availability of servers, data storage devices, and other network resources.