Nomura Securities Starts F5 Networks (FFIV) at Neutral

Nomura Securities initiates coverage on F5 Networks (NASDAQ: FFIV) with a Neutral rating and a price target of $118.00.

Analyst Jeffrey Kvaal commented, "We believe the maturation of the application delivery controller (ADC) market has inevitably ensnared market leader F5 in the pull of lower sales growth. Structural concerns mixed with cyclical issues have driven recent soft results. We launch with a Neutral rating and $118 target on this high quality name."

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 $125.26 yesterday.

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