F5 drops after William Blair discusses expectations for guidance cut William Blair said earlier that its channel checks indicated slowing demand beyond Japan for F5 Networks, which leads the firm to believe F5 is likely to guide down significantly for its June quarter. The firm said in a note to investors this morning that while F5 could meet March quarter expectations due to expense controls, the company is likely to issue a significant guide-down for the June quarter, perhaps as much as 5%. William Blair believes F5's business is going through a deceleration period, on top of challenges in Japan and U.S. federal budget uncertainty. Shares of F5 Networks are down almost 7% in late morning trading, or $6.85, to $95.72.
Goldman Sachs to hold a conference Technology & Internet Conference is being held in San Francisco on February 9-11 with webcasted company presentations to begin on February 10 at 11 am; not all company presentations may be webcasted. Webcast Link