|April 1, 2011|
|11:25 EDT||FFIV||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.
News For FFIV From The Last 14 Days
|October 6, 2015|
|10:05 EDT||FFIV||Citi recommends buying Cisco, selling F5 Networks|
Citi, in a research note today, recommended that investors buy Cisco (CSCO) and sell F5 Networks (FFIV). F5 develops application delivery services. WHAT'S NEW: Cisco's margins should beat expectations, driven by the company's transition to a business model based on software and recurring revenue, as well as by its decision to sell its Connected Devices business, Citi analyst Jim Suva wrote. Estimates for Cisco's sales and earnings per share are also too low, and the stock should rise over the next year as the company beats expectations, the analyst predicted. He initiated coverage of Cisco with a $30 price target and Buy rating. On F5, Suva predicted that the company would lower its guidance within the next six months. Consensus estimates are "simply...too high" for F5, the analyst stated. Although the new products it plans to launch in fiscal 2016 may boost its sales, its numbers will not be affected by such a trend until fiscal 2017, Suva predicted. He initiated coverage of the stock with a $105 price target and Sell rating. PRICE ACTION: In early trading, Cisco rose 1.4% to $27 and F5 Networks sank 4% to $118. Juniper Networks (JNPR), which Suva started today with a Neutral rating, is down 5c to $28.46.
|10:00 EDT||FFIV||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: A.O. Smith (AOS) initiated with a Neutral at Goldman... Aquinox (AQXP) initiated with a Buy at Guggenheim... Armstrong World (AWI) initiated with a Neutral at Goldman... Cisco (CSCO) initiated with a Buy at Citi... Continental Resources (CLR) initiated with an Equal Weight at Stephens... Epiq Systems (EPIQ) initiated with a Market Perform at Barrington... F5 Networks (FFIV) initiated with a Sell at Citi... Fate Therapeutics (FATE) initiated with an Outperform at Raymond James... Forrester (FORR) initiated with a Market Perform at Barrington... Fortune Brands (FBHS) initiated with a Buy at Goldman... GigOptix (GIG) initiated with an Outperform at Northland... Impax (IPXL) initiated with a Buy at BTIG... Interactive Brokers (IBKR) initiated with a Neutral at Goldman... Juniper (JNPR) initiated with a Neutral at Citi... LendingClub (LC) initiated with a Buy at Guggenheim... Masco (MAS) initiated with a Conviction Buy at Goldman... Memorial Production (MEMP) initiated with a Hold at Stifel... Mohawk (MHK) initiated with a Conviction Buy at Goldman... Jefferies... Navistar (NAV) initiated with a Hold at Stifel... Ocata Therapeutics (OCAT) initiated with an Outperform at Raymond James... Owens Corning (OC) initiated with a Sell at Goldman... PACCAR (PCAR) initiated with a Hold at Stifel... PayPal (PYPL) initiated with an Outperform at William Blair... Press Ganey (PGND) initiated with a Market Perform at Leerink... RingCentral (RNG) initiated with an Outperform at RBC Capital... Thermo Fisher (TMO) initiated with a Buy at Argus... VASCO Data Security (VDSI) initiated with a Buy at Sidoti... Watsco (WSO) initiated with a Neutral at Goldman... Whirlpool (WHR) initiated with a Neutral at Goldman.
|07:36 EDT||FFIV||F5 Networks initiated with a Sell at Citi|
Citi analyst Jim Suva started shares of F5 Networks (FFIV) with a Sell rating and $105 price target saying the company is likely to lower guidance over the next six months. Consensus expectations are too high, Suva tells investors in a research note. He points out that he's the only analyst with a Sell rating on the name. Conversely, Suva initiated shares of Cisco this morning (CSCO) with a Buy rating saying consensus estimates are too low. He recommends a pair trade of long Cisco, short F5.
|07:31 EDT||FFIV||Cisco initiated with a Buy at Citi|
Subscribe for More Information
|October 5, 2015|
|07:08 EDT||FFIV||FireEye enters global partnership with F5 Networks |
FireEye (FEYE) and F5 Networks (FFIV) announced a global partnership to defend against the evolving security threats to the enterprise. Customers will benefit from comprehensive security solutions that integrate application delivery infrastructure from F5 and advanced threat protection from FireEye Network Security. The agreement also includes a unified approach to worldwide sales, deployment and support, thereby helping to ensure the best possible end-to-end experience for customers.
|October 2, 2015|
|15:14 EDT||FFIV||As many as 4.6M Scottrade users' data exposed in breach, KrebsonSecurity says|
Subscribe for More Information
|September 30, 2015|
|10:33 EDT||FFIV||Battleground: Analysts agree Barracuda shares 'cheap,' diverge on ratings|
The shares of Barracuda Networks (CUDA) are falling after the company reported lower than expected revenue and provided weaker than expected guidance. Research firms Piper Jaffray and JPMorgan both said that the shares are cheap in the wake of their huge decline today, though Piper downgraded the shares and JPMorgan kept an Overweight rating on the stock. Barracuda provides IT security and storage solutions, primarily for small and medium businesses. WHAT'S NEW: Barracuda last night reported second quarter earnings per share of 10c, versus analysts' consensus estimate of 9c. The company's revenue, however, came in at $78.4M, below the consensus outlook of $78.7M. Moreover, the company lowered its fiscal 2016 EPS guidance to 34c-36c from 36c-41c. Analysts' consensus estimate was 39c. Barrcuda cut its full-year revenue guidance to $320M-$323M, from $325M-$330M. Analysts' consensus estimate was $325M. The company said that its Q2 results were negatively impacted by longer sales cycles in its Europe, Middle East, and Africa region and it warned that it "saw some evidence" of slowing growth in the storage market. It also stated that its gross billings came in below its expectations. ANALYST REACTION: Piper Jaffray analyst Andrew Nowinski responded to Barracuda's results by downgrading the stock to Neutral from Overweight. Although Barracuda blamed its lower than expected billings guidance on weakness in its storage business, its security billings increased only by high single digit percentage levels, the analyst stated. The shares are "cheap," but the valuation is not compelling enough to recommend the stock, contends Nowinski, who cut his price target for shares to $20 from $40. Barracuda was also downgraded at Macquarie and at Stephens this morning.Conversely, JPMorgan analyst Sterling Auty called Barracuda shares "too cheap to ignore." The company lowered its billings guidance partly due to worries about slowing storage market growth, as indicated by an industry report released last quarter, said Auty. However, the growth of Barracuda's storage business actually accelerated last quarter, reaching about 25%, the analyst stated. He believes that Barracuda's new guidance reflects the company's efforts to be "prudent." Auty cut his price target on the name to $30 from $42 but kept an Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded companies in the IT security space include Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Barracuda tumbled 33% to $15.90.
|September 29, 2015|
|11:19 EDT||FFIV||Analyst rolls out coverage of IT security stocks with mixed view|
Research firm Stifel initiated coverage of IT security company Barracuda Networks (CUDA) with a Buy rating and started coverage of another company in the sector, Imperva (IMPV), with a Hold rating in notes to investors this morning. WHAT'S NEW: Barracuda is "an emerging leader" in the small and medium business security and storage sectors and it's poised to replace legacy systems in those markets, Stifel analyst Gur Talpaz wrote. The lower than expected billings reported by the company for the first quarter was "an aberration," according to Talpaz, who predicts its billings growth should accelerate in Q2. Unlike legacy threat management systems, Barracuda's products can be bought individually, on an "as needed" basis, by small and medium businesses, Talpaz explained. More importantly, Barracuda's products allow a single administrator to view the majority of the company's security infrastructure from any location, Talpaz noted. Additionally, Barracuda's storage solutions can be implemented using appliance, cloud or hybrid systems, according to Talpaz, who set a $36 price target on the shares. Imperva is "the clear leader" in the small but fast growing Web Application Firewall, or WAF, market, the analyst stated. However, many companies still don't view WAF systems as necessary, reasoning that they do not have that many Web applications, according to Talpaz. Moreover, competition in the market is intense, as network vendors such as F5 Networks (FFIV) and cloud vendors such as Akamai (AKAM) are competing in the relatively small space, the analyst stated. Talpaz expects Imperva to report strong Q3 results, but heading into 2016, he believes that the company's future profitability is "limited,"while its competitive end markets will create challenges and its valuation leaves little room for error. WHAT'S NOTABLE: Talpaz also initiated coverage of another company in the sector, Qualys (QLYS), with a Hold rating. PRICE ACTION: In late morning trading, Barracuda slipped 1.2% to $24.33, Imperva dropped 3.6% to $63 and Qualys advanced 0.4% to $28.59.
|September 25, 2015|
|10:00 EDT||FFIV||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Atlas Air (AAWW) downgraded to In-Line from Outperform at Imperial Capital... Caterpillar (CAT) downgraded to Market Perform from Outperform at William Blair... Cummins (CMI) downgraded to Market Perform from Outperform at William Blair... Emerge Energy (EMES) downgraded after guidance withdrawal at Stifel... Exxon Mobil (XOM) downgraded to Underperform from Peer Perform at Wolfe Research... F5 Networks (FFIV) downgraded to Market Perform from Outperform at Raymond James... Internap (INAP) downgraded on earnings miss, negative outlook at Oppenheimer... Semtech (SMTC) downgraded to Neutral from Buy at MKM Partners... Silicon Laboratories (SLAB) downgraded to Neutral from Buy at MKM Partners... Superconductor Technologies (SCON) downgraded to Neutral from Buy at Ladenburg... Virgin America (VA) downgraded to Market Perform from Outperform at Cowen.
|07:01 EDT||FFIV||F5 Networks downgraded to Market Perform from Outperform at Raymond James|
Subscribe for More Information
|September 23, 2015|
|12:36 EDT||FFIV||Government cyber attack affects larger number of fingerprint data |
Subscribe for More Information