Oppenheimer Maintains an 'Outperform' on F5 Networks (FFIV); Cutting Estimates as Sept Target Look High
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Price: $180.23 --0%
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
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Oppenheimer maintains an 'Outperform' on F5 Networks (NASDAQ: FFIV) price target of $130.00 (from $150.00).
Analyst, Ittai Kidron, said, "Based on our US/Europe checks (26 interviews), we believe F5's June quarter is tracking below the mid-point of management's guidance range. Our checks point to a slowdown in Viprion 2400's momentum and slower adoption of some modules (ASM and GTM specifically). Looking ahead to the September quarter, we continue to expect growth, although our contacts suggest more muted near-term demand."
FY12 EPS estimate lowered from $4.49 to $4.44 and FY13 from $5.40 to $5.21. FY12 revenues lowered from $1.4B to $1.38B and FY13 from $1.62B to $1.56B.
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 $99.56 yesterday.
Analyst, Ittai Kidron, said, "Based on our US/Europe checks (26 interviews), we believe F5's June quarter is tracking below the mid-point of management's guidance range. Our checks point to a slowdown in Viprion 2400's momentum and slower adoption of some modules (ASM and GTM specifically). Looking ahead to the September quarter, we continue to expect growth, although our contacts suggest more muted near-term demand."
FY12 EPS estimate lowered from $4.49 to $4.44 and FY13 from $5.40 to $5.21. FY12 revenues lowered from $1.4B to $1.38B and FY13 from $1.62B to $1.56B.
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 $99.56 yesterday.
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