F5 Networks, Inc. (FFIV) Message Board

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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 240.96

-3.2%

12:22 PM EST

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To: JakeStraw who wrote (1598)	9/12/2008 11:28:09 AM
From: Moonray	of 1801

Morgan upgrades F5 Networks Fri Sep 12, 2008 8:27am EDT Sept 12 (Reuters) - J.P. Morgan Securities upgraded network equipment maker F5 Networks Inc (FFIV.O: Quote, Profile, Research, Stock Buzz) to "overweight" from "underweight," saying new products are likely to re-energize the company's revenue growth. A new product cycle in the company's mainstay Big-IP platform is on the verge of unfolding following the recent launch of the Viprion modular platform, and this will refresh the company's lagging low-end portfolio, the brokerage said. JP Morgan raised its fiscal 2009 revenue estimate for the company to $800 million from $768.7 million. Shares of the company closed at $31.04 Thursday on Nasdaq. (Reporting by Antonita Madonna Devotta in Bangalore; Editing by Vinu Pilakkott) F5 Shrs Rally As J.P. Morgan Upgrades To Overweight Posted by Eric Savitz - September 12, 2008, 9:44 am F5 Networks (FFIV) shares are trading higher this morning after J.P. Morgan telecom equipment analyst Ehud Gelblum upped his rating on the stock to Overweight from Underweight. He also increased his pro forma EPS estimate for the September 2009 fiscal year to $1.79 from $1.72; he remains at $1.43 for fiscal 2008. “We believe a new product cycle in the company’s mainstay Big-IP platform is on the verge of unfolding following the recent launch of the VIPRION modular platform and refresh of the company’s lagging low-end portfolio,” he writes of the networking equipment company. “We expect these new products to reignite core revenue growth.” FFIV this morning is up 66 cents, or 2.1%, to $31.70. o~~~ O

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