Wedbush Reiterates an 'Outperform' on F5 Networks (FFIV); Raising Numbers to Reflect 2012 Growth Drivers
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Price: $403.20 -3.08%
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush reiterates an 'Outperform' on F5 Networks (NASDAQ: FFIV) price target raised from $125 to $147.
Analyst, Rohit Chopra, said, "We reiterate our rating as we believe F5 is well positioned to deliver growth and profitability ahead of expectations in FY12 and FY13, driven by its ongoing new product refresh and push into adjacent markets. Given F5’s leading market share position in a market which is expected to grow at 20%+ this year, we believe the company remains well-positioned to take advantage of secular trends."
"We have raised our FY12 revenue and EPS estimates to $1.397bn and $4.51 from $1.396bn and $4.48. We have also raised our FY13 revenue and EPS estimates to $1.655bn and $5.35 from $1.645bn and $5.27."
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 $134.11 yesterday.
Analyst, Rohit Chopra, said, "We reiterate our rating as we believe F5 is well positioned to deliver growth and profitability ahead of expectations in FY12 and FY13, driven by its ongoing new product refresh and push into adjacent markets. Given F5’s leading market share position in a market which is expected to grow at 20%+ this year, we believe the company remains well-positioned to take advantage of secular trends."
"We have raised our FY12 revenue and EPS estimates to $1.397bn and $4.51 from $1.396bn and $4.48. We have also raised our FY13 revenue and EPS estimates to $1.655bn and $5.35 from $1.645bn and $5.27."
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 $134.11 yesterday.
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