Bit of a dead cat bounce yesterday after Wednesday's big selloff. F5 (FFIV) was up a dollar after dropping 11 on Wednesday, with 5.8 million shares trading hands, nearly four times its average, and just 20% fewer than were exchanged in Wednesday's panic selling. Equinix (EQIX) came back 6.6%, and saw 11 million shares move, and nearly turned over its entire float in the last two trading sessions.
Other than a 2% downward revision in Equinix's revenue guidance, there is still absolutely no news to justify all the activity we've seen this week. QLogic (QLGC) guided up its revenue midpoint 1% for its recently ended quarter, and will report in two weeks, while Navisite (NAVI) kicked off earnings season with very unsurprising numbers, including an 8% increase in year-over-year revenue. Data center companies are putting out some boring numbers, but that has not stopped Wall Street from having a very emotional response.
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