UPDATE: Jefferies Lowers PT on F5 Networks from $125 to $91.50

Jefferies reiterated a Hold rating on F5 Networks

and lowered its price target from $125.00 to $91.50. Jefferies commented, “F5 reported an in-line fiscal Q3 and offered slightly lower-than-expected September quarter guidance. The guidance and commentary about a more cautious macro environment shouldn't be a surprise. At current levels, we still think the risk/reward is balanced on the stock.” F5 Networks closed at $98.59 on Wednesday.