F5 Networks downgraded to "hold"
9:59a.m. - Matrix Research
NEW YORK, April 25 (newratings.com) - In a research note published yesterday, analysts at Matrix Research downgrade F5 Networks Inc (FFIV) from "buy" to "hold."
F5 Networks "outperform," target price reduced
04/24/08 - BMO Capital Markets
NEW YORK, April 24 (newratings.com) - Analysts at BMO Capital Markets reiterate their "outperform" rating on F5 Networks Inc (FFIV). The target price has been reduced from $44 to $43.
F5 Networks "hold," target price raised
04/24/08 - Wedbush Morgan Securities
NEW YORK, April 24 (newratings.com) - Analysts at Wedbush Morgan reiterate their "hold" rating on F5 Networks Inc (FFIV). The target price has been raised from $22 to $26.
F5 Networks "buy," target price raised
04/24/08 - Kaufman Brothers
NEW YORK, April 24 (newratings.com) - Analysts at Kaufman Bros reiterate their "buy" rating on F5 Networks Inc (FFIV). The target price has been raised from $27 to $29.
F5 Networks "outperform," target price raised
04/24/08 - Robert W. Baird
NEW YORK, April 24 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on F5 Networks Inc (FFIV), while raising their estimates for the company. The target price has been raised from $25 to $30.
In a research note published this morning, the analysts mention that the company has posted its F2Q results ahead of expectations, exhibiting that the economic environment is not having as significant an impact on the results as was expected. F5 Networks has issued its revenue and GAAP EPS guidance for F3Q at $160 million-$162 million and $0.21-$0.22, respectively, which is above the estimates. The EPS estimates for FY08 and FY09 have been raised from $1.22 to $1.36 and from $1.40 to $1.55, respectively, reflecting data center build-outs and contribution from recently introduced products.
F5 Networks "sector perform," target price raised
04/22/08 - RBC Capital Markets
NEW YORK, April 22 (newratings.com) - Analysts at RBC Capital Markets maintain their "sector perform" rating on F5 Networks Inc (FFIV). The target price has been raised from $22 to $25.
In a research note published this morning, the analysts mention that the company is likely to post its revenues for the previous quarter below the guidance, partly due to a back-end loaded quarter. F5 Networks' gross margins are likely to improve modestly going forward, aided by the benefits associated with its new high-end Vitrion switch product, the analysts say. The fall season is expected to provide a better visibility into the sustainability of the company's sales improvements, RBC Capital Markets adds.
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