UBS Maintains a 'Neutral' on F5 Networks (FFIV); Raising Estimates and Price Target on Favorable Trends
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Price: $82.63 +0.04%
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FFIV Now!
UBS maintains a 'Neutral' on F5 Networks (NASDAQ: FFIV) price target raised from $110 to $127.
UBS analyst says, "Given the improving DC and Wireless capex trends as well positive commentary from management at MWC last week, we slightly raise our FY12 and FY13 sales ests. to $1.395B and $1.652B from $1.390B and $1.634B respectively. In particular, F5 is a supplier to Facebook who plans on increasing 2012 capex to ~$1.7B vs. $600M in 2011." (FY12 EOS estimate raised from $4.42 to $4.46 and FY13 from $5.20 to $5.30)
UBS also thinks competitive dynamics in the Application Delivery Controller (ADC) market remain favorable to F5 for now despite gains from Citrix (Nasdaq: CTXS) and A10 (Cisco (Nasdaq: CSCO) lost share and has a new product/strategy planned for 2012, which UBS thinks continues to favor F5)
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 $127.01 yesterday, with a 52 week range of $69.01-$130.27.
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UBS analyst says, "Given the improving DC and Wireless capex trends as well positive commentary from management at MWC last week, we slightly raise our FY12 and FY13 sales ests. to $1.395B and $1.652B from $1.390B and $1.634B respectively. In particular, F5 is a supplier to Facebook who plans on increasing 2012 capex to ~$1.7B vs. $600M in 2011." (FY12 EOS estimate raised from $4.42 to $4.46 and FY13 from $5.20 to $5.30)
UBS also thinks competitive dynamics in the Application Delivery Controller (ADC) market remain favorable to F5 for now despite gains from Citrix (Nasdaq: CTXS) and A10 (Cisco (Nasdaq: CSCO) lost share and has a new product/strategy planned for 2012, which UBS thinks continues to favor F5)
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 $127.01 yesterday, with a 52 week range of $69.01-$130.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Hard return for sentence
Kelly on Mar 5, 2012 09:29 PMMark as Spam | Reply to this comment
Is it possible to make a hard return in the third paragraph, second line of this article, after "A10." Right now "A10" runs into
"Cisco" which appears to be a typo. Thank you for your attention to this matter.