F5 Networks (FFIV) Strategy Paves Way for Strong H2

January 24, 2013 10:13 AM EST
Get Alerts FFIV Hot Sheet
Price: $142.10 -0.31%

Rating Summary:
    21 Buy, 30 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Yesterday F5 Networks (Nasdaq: FFIV) reported Q1 results that were slightly lower than estimates, with improved guidance. Commenting on developments, analyst Jason Ader of William Blair said management's strategy of diversifying beyond the slowing core ADC market into the security and service makes sense.

"While both of these markets have a strong set of specialized competitors, we believe that F5 will make headway in the coming years thanks to its technology's highly strategic position within the data center (between the application layer and the end-user) and its management team's proven ability to execute,” added Ader.

William Blair has an Outperform rating on F5 Networks.

For an analyst ratings summary and ratings history on F5 Networks (Nasdaq: FFIV) click here. For more ratings news on F5 Networks click here.

Shares of F5 Networks closed at $98.81 yesterday.

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