F5 Networks, Inc. (FFIV) Message Board

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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: JGoren who wrote (1508)	4/19/2007 11:50:26 AM
From: Moonray	Read Replies (1) of 1801

Ahead of the Bell: F5 Networks AP - Thursday April 19, 7:07 am ET Lazard Analyst Starts Coverage of F5 Networks With 'Buy' Rating, $100 Price Target NEW YORK (AP) -- F5 Networks Inc. will surpass competitors with its strong technology platform and brand name, according to one analyst who began coverage of the Internet traffic management toolmaker with a "Buy" rating. Lazard Capital Markets analyst Joel Fishbein also tagged the stock with a $100 price target, expecting shares to rise further as the company beats expectations and raises guidance. "F5 is the clear leader in the market and we believe its brand name and strong technology platform will allow it to keep its market-share lead," Fishbein wrote in a note to clients. Fishbein also said demand for application delivery appliances is strong and will not soften significantly in the future. Against this backdrop, the company completed its review of its stock option grant practices and filed its 10-K on time. The company previously said restated financials reflected a decrease in profit of about $23.5 million for 1999 through 2005. Earlier this year, F5 issued a second-quarter profit outlook of 44 cents to 46 cents per share on sales of $124 million to $126 million. Analysts are looking for second-quarter earnings of 46 cents per share on sales of $125.5 million. Shares closed Wednesday at $69.57 on the Nasdaq Stock Market, where they have traded between $40.55 and $80.85 over the past year. o~~~ O

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