Skip to main content

Market Overview

UPDATE: Barclays Capital Downgrades F5 Networks On Mixed 2015 Outlook

Share:

In a report published Wednesday, Barclays Capital analyst Ben A. Reitzes downgraded the rating on F5 Networks, Inc. (NASDAQ: FFIV) from Overweight to Equal-Weight, but reiterated the $136.00 price target.

In the report, Barclays Capital noted, “We believe that 2015 should see a continuation of several trends that were evident throughout the 2H of 2014. The emergence of the cloud and software-defined technologies are playing a larger role in IT decision making, which should only continue. Obviously, we still see the cloud as a disruptive concept that bridges the legacy data center with next generation architectures - with a focus on doing more with less. It is still not clear how much risk the rapid transition poses for companies like IBM, HP, Juniper, EMC, NetApp and Cisco. We envision several restructurings blunting the downside damage of cloud for some, but then still see risks of reacceleration of pressures later. However, we view companies like Seagate and Western Digital providing useful components for the transition to the public cloud - and CDW providing an invaluable channel that helps SMB customers see the benefits...We are lowering our rating on F5 to Equal Weight based on our view that the risk/reward equation is balanced at current levels despite positive fundamentals.”

F5 Networks closed on Tuesday at $128.67.

Latest Ratings for FFIV

DateFirmActionFromTo
Apr 2021Credit SuisseDowngradesOutperformNeutral
Jan 2021Morgan StanleyMaintainsOverweight
Jan 2021NeedhamMaintainsBuy

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

 

Related Articles (FFIV)

View Comments and Join the Discussion!

Posted-In: Barclays Capital Ben A. ReitzesAnalyst Color Downgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com