F5 Networks downgraded to "hold"
Stifel Nicolaus - Thursday, October 25, 2007 11:47:00 AM ET
NEW YORK, October 25 (newratings.com) - Analyst Sanjiv Wadhwani of Stifel Nicolaus & Company downgrades F5 Networks Inc (FFIV.NAS) from "buy" to "hold," while reducing his estimates for the company.
In a research note published this morning, the analyst mentions that the company has reported its F4Q07 revenues marginally ahead of the estimates. F5 Networks’ service revenues have risen faster than product revenues in the quarter and the productivity of its sales force has declined in FY07, the analyst says. Stifel Nicolaus & Company believes that the company would be unable to beat the estimates until it resolves the productivity issue. The EPS estimate for FY08 has been reduced from $1.04 to $0.97.
F5 Networks "neutral," target price raised
Robert W. Baird - Thursday, October 25, 2007 10:45:53 AM ET
NEW YORK, October 25 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on F5 Networks Inc (FFIV.NAS), while raising their estimates for the company. The target price has been raised from $40 to $42.
In a research note published this morning, the analysts mention that the company has posted its F4Q revenues in-line with and EPS marginally ahead of expectations. The performance of the EMEA and US Enterprise segments was robust in the quarter, the analysts say. The new product launches of Montreal and WANJet are tracking according to plan, Robert W Baird adds. The operating EPS estimate for FY08 has been raised from $1.44 to $1.50.
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