UBS Maintains a 'Neutral' on F5 Networks (FFIV); Raising Estimates and Price Target on Favorable Trends
Get Alerts FFIV Hot Sheet
Price: $180.61 +0.59%
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
18 Buy, 28 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Join SI Premium – FREE
UBS maintains a 'Neutral' on F5 Networks (NASDAQ: FFIV) price target raised from $110 to $127.
UBS analyst says, "Given the improving DC and Wireless capex trends as well positive commentary from management at MWC last week, we slightly raise our FY12 and FY13 sales ests. to $1.395B and $1.652B from $1.390B and $1.634B respectively. In particular, F5 is a supplier to Facebook who plans on increasing 2012 capex to ~$1.7B vs. $600M in 2011." (FY12 EOS estimate raised from $4.42 to $4.46 and FY13 from $5.20 to $5.30)
UBS also thinks competitive dynamics in the Application Delivery Controller (ADC) market remain favorable to F5 for now despite gains from Citrix (Nasdaq: CTXS) and A10 (Cisco (Nasdaq: CSCO) lost share and has a new product/strategy planned for 2012, which UBS thinks continues to favor F5)
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 $127.01 yesterday.
UBS analyst says, "Given the improving DC and Wireless capex trends as well positive commentary from management at MWC last week, we slightly raise our FY12 and FY13 sales ests. to $1.395B and $1.652B from $1.390B and $1.634B respectively. In particular, F5 is a supplier to Facebook who plans on increasing 2012 capex to ~$1.7B vs. $600M in 2011." (FY12 EOS estimate raised from $4.42 to $4.46 and FY13 from $5.20 to $5.30)
UBS also thinks competitive dynamics in the Application Delivery Controller (ADC) market remain favorable to F5 for now despite gains from Citrix (Nasdaq: CTXS) and A10 (Cisco (Nasdaq: CSCO) lost share and has a new product/strategy planned for 2012, which UBS thinks continues to favor F5)
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 $127.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AGNC Investment Corp (AGNC) PT Lowered to $10.25 at Jones Trading
- American Hotel Income Properties REIT (HOT-U:CN) (AHOTF) PT Lowered to Cdn$0.90 at Scotiabank
- JPMorgan Downgrades Hanwha Solutions Corp (009830:KS) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!