F5 Networks, Inc. (FFIV) Message Board

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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 249.03

-1.6%

Nov 3 3:59 PM EST

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From: Moonray	12/4/2008 8:37:52 PM
	of 1801

ThinkEquity Cuts Rating, Target, Estimates December 4, 2008, 2:10 pm - By Eric Savitz F5 Networks (FFIV) shares are trading lower today after ThinkEquity analyst Jonathan Ruykhaver cut his rating on the stock to Accumulate from Buy. He also trimmed his price target to $25, from $30. And he reduced his outlook for the September 2009 fiscal year to revenue of $707.5 million and profits of $1.64 a share, from $732.6 million and $1.65. “Mid-quarter checks through the first two months of FY Q1 suggest a sluggish November and a potentially more back-end loaded quarter than historic trends, which should not be too surprising given macro headwinds,” he writes. “Somewhat new was evidence of increased deal scrutiny, especially for larger orders.” FFIV today is down $1.04, or 4.4%, to $22.77. o~~~ O

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