REMINDER: F5 Announces Date for Q1 Earnings Conference Call
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Piper Jaffray Cut Price Target on F5 Networks (FFIV) Following 1Q Earnings
January 21, 2016 8:25 AM ESTPiper Jaffray maintained a Neutral rating on F5 Networks (NASDAQ: FFIV), and cut the price target to $100.00 (from $123.00), following the company's 1Q earnings report. F5 reported respectable December quarter results, driven by stronger than expected service revenues and offset by product revenue, which continued to decline year/year. Revenues of $489.5 million increased 5.8%... More
BMO Capital Remains Sidelined After F5 Networks (FFIV) Reports 1Q Beat
January 21, 2016 7:04 AM ESTBMO Capital maintained a Market Perform rating on F5 Networks (NASDAQ: FFIV), and cut the price target to $93.00 (from $108.00), following the company's 1Q earnings report. Revenues and EPS of $489M and $1.73, came in above consensus estimates of $486M and $1.60. However, BMO remains concerned that the weak product sales could last longer than expected as new network architectures may be muting demand and... More
