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Actionable news in FFIV: F5 Networks, Inc.,

F5 Networks and Ciena Buyout Rumors Are Signs of the Times

Vague tech M&A rumors circulating among traders often (though not always) don't pan out. And their accuracy rate might be even lower on an options expiration Friday. But even when they prove unfounded, the ability of such rumors to spread can shine a light on which companies and industries markets deem especially likely to be targeted for M&A.

The rumors that hit F5 Networks (FFIV) and Ciena (CIEN) on Friday definitely fit that description. F5, which was already reported in June to have hired Goldman in...