Needham & Company Downgrades F5 Networks (FFIV) to Hold, Concerned About Stategic Position

Needham & Company downgraded F5 Networks (NASDAQ: FFIV) from Buy to Hold.

The firm said they are concerned about the near-term outlook and the longer-term strategic position. "After a 10-year bullish run we are increasingly worried about F5 being hurt by the technology changes occurring around the virtualized Software Defined Data Center," analyst Alex Henderson states.

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 $96.89 yesterday.

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