Barclays: F5 in "middle innings" of 2013 rally; Radware also up

While upgrading F5 (FFIV +3.8%) to Overweight, Barclays' Ben Reitzes declares the application delivery controller (ADC) vendor to be in the "middle innings" of a rally set to last through year's end.

Reitzes, who is raising his PT to $107 from $89, argues channel checks and positive earnings reports from peers bode well for F5. Cisco reports in 2 days.

F5 took off 3 weeks ago in response to an FQ3 beat and strong FQ4 guidance. But shares still -4% YTD after tumbling in April thanks to an FQ2 warning.

Smaller ADC rival Radware (RDWR +3.1%) is once more rallying in sympathy.

Piper upgraded F5 prior to its FQ3 report.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs