Deutsche Bank Raises Price Target on F5 Networks (FFIV)

Deutsche Bank raised estimates and its price target on Buy-rated F5 Networks (NASDAQ: FFIV) from $130 to $135.

The firm comments, "See enterprise activity above seasonal in 1H; carrier recovery gated to 2H+. Our end of quarter research suggests a polarized view point. Enterprise campus and datacenter are seeing "above seasonal" trends in network refresh and in product orders - positive in our view for Cisco and F5. Meaningful ramp in US telco activity is likely to commence from 2H+, versus some on the street calling for early Q2+."

The firm raised FY12 EPS from $3.64 to $3.66.

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 $134.96 yesterday.

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