UBS Maintains a 'Neutral' on F5 Networks (FFIV); Cutting Estimates on Continued Concerns in Europe
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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
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UBS maintains a 'Neutral' on F5 Networks (NASDAQ: FFIV) price target lowered from $140 to $120.
Analyst, Nikos Theodosopoulos, said, "EMEA is ~20pct of sales and given increasing macro spending risks and recent reports from peers Cisco (Nasdaq: CSCO) and Infoblox (Nasdaq: BLOX), we are now modeling Europe down 5% seq while maintaining a 5% seq increase in US and ROW. We are now at low end of guidance of $350M-$355M for the June quarter."
"We now estimate FY12/13 sales of $1.379B/$1.630B, down from $1.397B/$1.659B. Our FY12 and FY13 sales growth estimates are now 20% and 18% down from 21% and 19% previously. We forecast FY12/13 EPS of $4.44/$5.28, down from $4.49/$5.37 previously."
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 $107.54 yesterday, with a 52 week range of $69.01-$139.46.
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Analyst, Nikos Theodosopoulos, said, "EMEA is ~20pct of sales and given increasing macro spending risks and recent reports from peers Cisco (Nasdaq: CSCO) and Infoblox (Nasdaq: BLOX), we are now modeling Europe down 5% seq while maintaining a 5% seq increase in US and ROW. We are now at low end of guidance of $350M-$355M for the June quarter."
"We now estimate FY12/13 sales of $1.379B/$1.630B, down from $1.397B/$1.659B. Our FY12 and FY13 sales growth estimates are now 20% and 18% down from 21% and 19% previously. We forecast FY12/13 EPS of $4.44/$5.28, down from $4.49/$5.37 previously."
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 $107.54 yesterday, with a 52 week range of $69.01-$139.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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