Barclays downgraded F5 Networks to Equal Weight from Overweight with a price target of $140, down from $166. The company’s March quarter results were in-line overall, but the "meaningful misses in software continue," the analyst tells investors in a research note. The firm no longer sees upside to the shares, saying F5’s growth has been lacking and its software segment is inconsistent. It lowered estimates and downgraded the shares.
Published first on TheFly
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