F5 Networks "hold," target price reduced
Wedbush Morgan Securities - Wednesday, January 16, 2008 12:58:04 PM ET
NEW YORK, January 16 (newratings.com) - Analysts at Wedbush Morgan reiterate their "hold" rating on F5 Networks Inc (FFIV.NAS). The target price has been reduced from $41 to $28.
F5 Networks "hold," estimates reduced
Stifel Nicolaus - Wednesday, January 16, 2008 11:24:36 AM ET
NEW YORK, January 16 (newratings.com) - Analysts at Stifel Nicolaus & Company maintain their "hold" rating on F5 Networks Inc (FFIV.NAS), while reducing their estimates for the company.
In a research note published this morning, the analysts mention that checks indicate a continued healthy performance by the company’s 8400 and 8800 products. F5 Networks is benefiting from the inability of Citrix to ship a 10 Gbps box, the analysts say. There is limited visibility into the orders the company would receive in the March quarter from financial services firms, which account for about 17% of the overall revenues, Stifel Nicolaus & Company adds. The EPS estimate for FY08 has been reduced from $0.97 to $0.92.
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