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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 249.43-1.4%9:30 AM EST

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From: Moonray4/20/2009 3:42:44 PM
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F5 Networks "buy," target price raised
9:33a.m. - Brean Murray, Carret & Co

NEW YORK, April 20 (newratings.com) - Analysts at Brean Murray maintain their "buy" rating on F5 Networks Inc (FFIV). The target price has been raised from $27 to $30.

In a research note published this morning, the analysts mention that the company is expected to report its March quarter results in-line with its pre-announced range. F5 Networks’ June quarter guidance is, however, expected to display signs of stabilization in the top line, with cost controls expected to protect the bottom line, the analysts add. A stabilization in end market demand is likely to result in an increase in the company's share price going forward, Brean Murray says.

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