Rumors Drive Volume (FFIV, ISLN)

Posted in General 
October 4th, 2010

F5 Networks Inc. (NASDAQ: FFIV) and Isilon Systems, Inc. (NASDAQ: ISLN) are both trading higher as buyout hopes continue to capture the imagination of Wall Street.

F5 Networks Inc. (NASDAQ: FFIV) may be hard to get excited about after a Reuters “takeover report” showed that it was approached about a takeover.  The reason for little excitement: it was more than a year ago.  the potential excitement today is that Reuters noted that it actually is still a possible takeover target according to “familiar people”…

The other name was Isilon Systems, Inc. (NASDAQ: ISLN) in takeover circles after reeports came that it hired Qatalyst as an investment advisor to explore a sale.  Isilon shares are up 9% at $25.21 on 3.3 million shares, about 4-times normal trading volume and the most shares traded since 3.5 million from August 23, 2010.


Comments are closed