UPDATE: Sterne Agee Initiates F5 Networks at Buy

Sterne Agee is out with its report today on F5 Networks FFIV, initiating FFIV at Buy. In a note to clients, Sterne Agee writes, "We are initiating coverage of F5 Networks with a Buy rating and a $129 price target. Over the next two years, we believe F5 Networks has some of the most favorable revenue drivers in the data networking space that are expanding the company's historical use case outside of traditional server load balancing." At the time of posting, shares of FFIV were trading pre-market at $99.65, up 1.50% from Monday's close.