Netgear, F5 up as WSJ says U.S. debates ban on Chinese-made router

Shares of Netgear (NTGR) and F5 Networks (FFIV) are higher in premarket trading after The Wall Street Journal reported that U.S. authorities are investigating a Chinese company whose home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the routers. Heather Somerville, Dustin Volz, and Aruna Viswanatha wrote that TP-Link has roughly 65% of the U.S. market for routers for home and small businesses, while also being the top choice on Amazon (AMZN) and power internet communications for federal government agencies. Investigators at the Commerce, Defense and Justice departments have opened probes into the company and authorities could ban a sale of the routers in the U.S. next year, people familiar with the matter told the Journal. In premarket trading, shares of Netgear are up 17%, while F5 shares are up about 7%.