F5 Networks "hold," target price raised
12:45p.m. - McAdams Wright Ragen
NEW YORK, July 24 (newratings.com) - Analysts at McAdams Wright Ragen reiterate their "hold" rating on F5 Networks Inc (FFIV). The target price has been raised from $32 to $33.
F5 Networks "buy," target price raised
11:47a.m. - Wedbush Morgan Securities
NEW YORK, July 24 (newratings.com) - Analysts at Wedbush Morgan reiterate their "buy" rating on F5 Networks Inc (FFIV). The target price has been raised from $37 to $39.
F5 Networks "hold," target price raised
10:44a.m. - Kaufman Brothers
NEW YORK, July 24 (newratings.com) - Analysts at Kaufman Bros reiterate their "hold" rating on F5 Networks Inc (FFIV). The target price has been raised from $32 to $33.
F5 Networks, "outperform," target price raised
9:39a.m. - Robert W. Baird
NEW YORK, July 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 $30 to $37.
In a research note published this morning, the analysts mention that the company has reported its F3Q revenues and operating EPS ahead of the estimates in the midst of tough macro conditions. The results exhibit that F5 Networks’ core business has the ability to overcome adversity, the analysts say. The company has issued its revenue and non-GAAP EPS guidance for F4Q at $172-$174 million and $0.38-$0.39, respectively, ahead of the estimates. The EPS estimates for FY08 and FY09 have been raised from $1.36 to $1.43 and from $1.55 to $1.68, respectively.
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