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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 260.41-0.1%3:59 PM EST

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From: Moonray6/1/2009 2:18:38 PM
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F5 Networks "buy," target price raised
05/28/09 - Brean Murray, Carret & Co

NEW YORK, May 28 (newratings.com) - Analysts at Brean Murray reiterate their "buy" rating on F5 Networks Inc (FFIV). The target price has been raised from $30 to $35.

In a research note published this morning, the analysts mention that the company’s June quarter results appear to be tracking towards the high end of its guidance. Market checks reveal that F5 Networks has continued to witness strong trading conditions throughout the current quarter, the analysts add. The EPS estimates for FY09 and FY10 have been raised from $1.54 to $1.56 and from $1.65 to $1.72, respectively.

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