JP Morgan Maintains Stance on F5 Networks

J.P. Morgan has published a research report on F5 Networks maintaining the current stance on the company. In the report, J.P. Morgan wrote, "The Wall Street earnings treadmill is keeping almost perfect pace with F5. FQ3'11 results and FQ4'11 guidance reaffirmed our stance that F5's core ADN business is approaching, if not already at, peak growth levels. We don't believe there is material risk to either the health of the overall ADN market or FFIV's position but we do believe that load balancing demand growth is stabilizing as virtualization activity levels begin to peak. Meanwhile, consensus estimates fully reflect the good news in our opinion. We reiterate our Neutral rating." J.P. Morgan rated F5 Networks a Neutral with a price target of $104.00. F5 Networks closed Wednesday at $111.44.