Market Overview

Communications Equipment Market is Healthy; F5, Aruba Gain

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Shares of F5 Networks (NASDAQ: FFIV) and Aruba Networks (NASDAQ: ARUN) are up 2.1 and 2.8 percent respectively, following some bullish comments from Wells Fargo on the sector.

Conversations between analyst Jess Lubert and her industry contacts reveal companies have pent-up demand for communications equipment and expect to meet or exceed first quarter needs.

While feedback for F5 Networks and Aruba were mostly positive, feedback on Cisco and Polycom was “more mixed,” said Lubert.

Latest Ratings for FFIV

DateFirmActionFromTo
Jul 2016Credit SuisseDowngradesOutperformNeutral
May 2016Pacific CrestDowngradesOverweightSector Weight
Apr 2016CitigroupMaintainsNeutral

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Posted-In: Jess Lubert Wells FargoAnalyst Color Analyst Ratings Tech

 

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