Deutsche Bank Comments on F5 Network During Upgrade Cycle

Deutsche Bank has published a "company alert" on F5 Networks FFIV. The short report suggests that there may be great demand for the technology that F5 produces. According to Deutsche Bank, "Our latest round of IT and top-tier reseller checks suggest potential for meaningful acceleration in datacenter Layer 4/7 equipment rollout activity in the back-half and into CY12, especially in large enterprise and Tier-1 carrier datacenters. While we don't expect above consensus performance during the June quarter (with summer seasonality, the impending launch of TMOS11, Japan and parts of EMEA moderating upside to view), our primary research suggests improving visibility and growth in order bookings for Victoria/TMOS11 upgrades, as we enter the back-half." Deutsche Bank gave F5 Networks a rating of BUY with a price target of $145.00. F5 Networks closed at $112.72 yesterday.