NEW YORK, July 1 (newratings.com) - Analysts at Lazard Capital reiterate their "buy" rating on F5 Networks Inc (ticker: FFIV). The target price has been raised from $31 to $39.
In a research note published this morning, the analysts mention
that recent channel checks reveal that business trends are improving and the company's business is stabilizing. F5 Networks (NASDAQ:
FFIV -
news) ' current quarter revenues are likely to be in-line with the guidance, the analysts say. The company is poised to resume sequential revenue growth in the second half of the current year, Lazard Capital adds.
© 2009 New Ratings
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