Market Overview

UPDATE: Morgan Stanley Downgrades F5 Networks on Maturing ADC Mkt/Rise Of Virtual ADCs

Related FFIV
UPDATE: Credit Suisse Initiates Coverage On F5 Networks On App-Driven Growth
Benzinga's Top Initiations
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

In a report published on Monday, Morgan Stanley analyst Ehud Gelblum Downgraded F5 Networks (NASDAQ: FFIV) from Overweight to Equal-weight and removed the price target on the company.

In the report, Morgan Stanley stated, "Having a full virtual product is more important than we understood and Citrix was first to market. Citrix's NetScaler has a tech lead in the fastest growth part of the mkt - virtual ADCs – which grew to 11% of the total mkt in CQ4'12 from 3% in CQ4'11."

F5 Networks closed on Friday at $83.21.

Latest Ratings for FFIV

DateFirmActionFromTo
Oct 2014Morgan StanleyMaintainsEqual-weight
Oct 2014Credit SuisseInitiates Coverage onOutperform
Oct 2014Bank of AmericaMaintainsNeutral

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

Posted-In: Ehud Gelblum Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (FFIV)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional