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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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From: Moonray9/12/2007 1:41:56 PM
   of 1801
 
F5: UBS Starts Coverage With Buy Rating
Posted by Eric Savitz - September 12, 2007, 12:43 pm

UBS analyst Saud Masud today launched coverage of F5 Networks (FFIV) with a Buy rating and a $47 price target. He writes that the company is among the leaders in the application delivery networking market; he says F5 has about a 33% share of the serve load balancer business, about in line with Cisco (CSCO), and has been expanding into adjacent markets via acquisitions.

Masud contends the company can grow 25% a year organically over the next two years.

F5 today is up $1.61, or 4.1%, at $40.66.

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