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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 264.50+2.5%3:59 PM EST

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To: Jack Hartmann who wrote (1465)1/19/2005 4:25:34 PM
From: Jack Hartmann   of 1801
 
FFIV F-5 cut to Hold from Buy by McAdams Wright Ragen (45.85 -0.45)

Analyst Al Davis downgrades FFIV to Hold from Buy based on valuation, ahead of the company's Q1 '05 report after the close today. He says the stocks' appreciation potential will be more moderate over the next few mos. Davis says all indications point to a 'very strong' qtr, due to the cos' Big IP product line, driven partly by strong acceptance of the newly released version 9 software. He expects book to bill to remain above 1.0 in the qtr, and and he raised full-year ests to $1.07 from $1.00. Briefing.com Note: We note Davis's downgrade, since he has been correct on FFIV in the past. He upgraded the stock to Buy in July, when it traded near a trough at $22.40. It has more than doubled since then.
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