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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 245.91-0.9%Nov 7 9:30 AM EST

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To: Moonray who wrote (1503)1/26/2007 9:58:34 AM
From: Moonray   of 1801
 
Citigroup downgrades Cisco

Jan 26 (Reuters) - Citigroup cut its rating on network equipment maker Cisco Systems Inc. (CSCO.O: Quote, Profile , Research) to "hold" from "buy," saying its difficulty with the company lies with the apparent mutual-exclusivity between revenue growth and operating margin expansion.

The brokerage has a $29 price target on the stock.

Citigroup upgraded telecommunications network equipment maker Juniper Networks Inc. (JNPR.O: Quote, Profile , Research) to "buy" from "hold" with a $24 price target. The brokerage said it expects consistent improvement from Juniper during 2007 and into 2008.

It raised its price target on another network equipment maker, F5 Networks Inc. (FFIV.O: Quote, Profile , Research), to $84 from $72, adding the company's revenue momentum appeared sustainable.

Citigroup said the data networking sector is likely to benefit from an attractive demand backdrop, driven by convergence around a common Internet Protocol infrastructure, among other factors. (Reporting by John Tilak in Bangalore)

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