UBS Maintains a 'Neutral' on F5 Networks (FFIV); Taking the Patient Approach

UBS maintains a 'Neutral' on F5 Networks (NASDAQ: FFIV) price target of $110.00 (from $120.00).

Analyst, Amitabh Passi, said, FFIV reported in-line results with revenues up 21% year-over-year. However, a likely not a surprise, F5 guided below the street. UBS cuts FY12 by $0.01 to $4.43 and FY13 from $5.28 to $5.22.

Passi said, "We believe FFIV has some promising upgrades due (TMOS v11 including DPI, appliance refreshes), but we await clarity on price-performance, feature set, timing, and greater visibility on the macro front."

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 $98.59 yesterday.

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