Nomura Securities Maintains a 'Neutral' on F5 Networks (FFIV); Raising Full Year EPS Estimates

Nomura Securities maintains a 'Neutral' on F5 Networks (NASDAQ: FFIV) price target of $142.00.

Analyst, Stuart Jeffrey, said, "F5 Networks reported slightly better-than-expected FYQ2 results, with FYQ3 guidance a touch below our prior estimates. We see scope for F5 to beat its targets, however, primarily driven by strong gross margins. While management appears to have left scope for more aggressive pricing actions, we suspect that this ‘allowance’ will not be used in full. Our FYQ3 EPS estimate remains at $1.16 (2c above guidance), while our FY2012 EPS estimate rises from $4.59 to $4.62 (+0.6%), our FY2013 EPS estimate rises from $5.74 to $5.90 (+2.8%) and our FY2014 EPS estimate rises from $6.73 to $6.95 (+3.4%)."

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 $124.21 yesterday.

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