UPDATE: Sterne Agee Raises Target to $141 on F5 Networks

Sterne Agee raises its price target to $141 on Buy-rated F5 Networks FFIV on initial 2Q12 checks showing positive momentum. Sterne Agee says, "Checks with national and regional FFIV resellers point to positive momentum with new products such as the 2400 series (enabling expansion into new environments) along with a generally positive demand picture for ADC solutions. While a significant portion of F5's quarter will be completed in the next two weeks, these discussions suggest sales cycles have remained largely intact in the Enterprise customer segments during the March quarter." FFIV closed at $131.91 a share on Friday.