Canaccord Genuity Maintains a 'Hold' on F5 Networks (FFIV); Networking Knock-down
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Price: $403.20 -3.08%
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
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Canaccord Genuity maintains a 'Hold' on F5 Networks (NASDAQ: FFIV), PT $115.
Canaccord analyst, Paul H. Mansky, says, "It’s been tough sledding in networking this week, as difficult comparisons (revenue) and peak(ing) operating margins stand out amidst modest external demand shocks and seasonality. Although F5 is clearly a leader in an attractive segment and a potentially compelling product cycle is in the works, investors are likely to view the stock with an incremental eye of skepticism for the next few quarters. We maintain our $115 price target (26x reduced FY12 EPS), with an eye toward opportunistic purchase at the low end of the $90-120 trading range."
For more ratings news on F5 Networks click here and for the rating history of F5 Networks click here.
Shares of F5 Networks closed at $118.65 yesterday.
Canaccord analyst, Paul H. Mansky, says, "It’s been tough sledding in networking this week, as difficult comparisons (revenue) and peak(ing) operating margins stand out amidst modest external demand shocks and seasonality. Although F5 is clearly a leader in an attractive segment and a potentially compelling product cycle is in the works, investors are likely to view the stock with an incremental eye of skepticism for the next few quarters. We maintain our $115 price target (26x reduced FY12 EPS), with an eye toward opportunistic purchase at the low end of the $90-120 trading range."
For more ratings news on F5 Networks click here and for the rating history of F5 Networks click here.
Shares of F5 Networks closed at $118.65 yesterday.
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