Jefferies Maintains a 'Hold' on F5 Networks (FFIV); Balanced Risk/Reward as Business Slows

Jefferies maintains a 'Hold' on F5 Networks (NASDAQ: FFIV) price target of $91.50 (from $125.00).

Analyst, George C. Notter, said, "F5 reported an in-line fiscal Q3 and offered slightly lower-than-expected September quarter guidance. The guidance and commentary about a more cautious macro environment shouldn’t be a surprise. At current levels, we still think the risk/reward is balanced on the stock."

Notter lowers FY12 EPS estimate from $4.53 to $4.43 and FY13 from $5.31 to $5.25.

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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