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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 246.41+2.1%3:59 PM EST

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From: Moonray1/24/2008 9:12:56 AM
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F5 Networks upgraded to "outperform"
Robert W. Baird - Thursday, January 24, 2008 1:58:52 AM ET

NEW YORK, January 24 (newratings.com) - Analysts at Robert W Baird upgrade F5 Networks Inc (FFIV.NAS) to "outperform," while reducing their estimates for the company. The target price has been reduced from $42 to $33.

In a research note published this morning, the analysts mention that the company has posted its F1Q revenues and EPS marginally short of the estimates. The analysts add, however, that given the difficult environment, F5 Networks’ results appear robust. Although the company’s F2Q revenue guidance fell marginally short of the consensus, the company’s stock is likely to rebound going ahead, since the investor expectations were much worse than the consensus expectations, Robert W Baird adds. The EPS estimates for 2008 and 2008(sic) have been reduced from $0.97 to $0.93 and from $1.35 to $1.24, respectively.

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