F5 Networks (FFIV) Dec. Quarter Seen In-Line
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Price: $180.62 +0.22%
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Oppenheimer channel checks suggest F5 (NASDAQ: FFIV) will deliver December quarter results in line with the mid-point of management's $363M-$370M revenue guidance range.
"Our contacts point to steady demand for Viprion2400 and stable attach rates for F5's application delivery modules including incremental improvement in ASM (WAF module) and LTM. We did pick up slowing BIG-IP demand ahead of the appliance upgrade but believe this is baked into December guidance," said analyst Ittai Kidron.
Looking forward, Kidron believes March consensus is "achievable", as new product releases are seen fueling growth.
Overall Oppenheimer thinks the telco vertical will remain under pressure following two quarters of declines, with most expecting a weak December.
Oppenheimer has a Perform rating on F5 Networks
For an analyst ratings summary and ratings history on F5 Networks click here. For more ratings news on F5 Networks click here.
Shares of F5 Networks closed at $97.15 yesterday.
"Our contacts point to steady demand for Viprion2400 and stable attach rates for F5's application delivery modules including incremental improvement in ASM (WAF module) and LTM. We did pick up slowing BIG-IP demand ahead of the appliance upgrade but believe this is baked into December guidance," said analyst Ittai Kidron.
Looking forward, Kidron believes March consensus is "achievable", as new product releases are seen fueling growth.
Overall Oppenheimer thinks the telco vertical will remain under pressure following two quarters of declines, with most expecting a weak December.
Oppenheimer has a Perform rating on F5 Networks
For an analyst ratings summary and ratings history on F5 Networks click here. For more ratings news on F5 Networks click here.
Shares of F5 Networks closed at $97.15 yesterday.
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