Market Overview

Communications Equipment Market is Healthy; F5, Aruba Gain

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)
Related ARUN
UPDATE: Morgan Stanley Reiterates On Aruba Networks On Anticipated Good October Quarter
Nokia Hits 52-Week High of $8.40 on Pivotal Deal Wins

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

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: Jess Lubert Wells FargoAnalyst Color Analyst Ratings Tech


Related Articles (ARUN + FFIV)

Around the Web, We're Loving...

Get Benzinga's Newsletters