Seeking Alpha

F5 (FFIV -2.7%) trades lower after Lazard slashes its estimates on a belief an expected slowdown...

F5 (FFIV -2.7%) trades lower after Lazard slashes its estimates on a belief an expected slowdown in service provider sales could be worse than expected. However, the firm is maintaining a Buy, and has a PT of $133. Finisar (FNSR) recently attributed its soft July quarter guidance to depressed carrier capex. William Blair cut its numbers for F5 yesterday on concerns about U.S./Euro enterprise IT spending, but to little effect.
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