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Fly News Breaks for January 26, 2017
FFIV
Jan 26, 2017 | 08:05 EDT
Wells Fargo says that F5's Q1 results were "mixed" and "less than perfect," but it thinks that the results were "strong" in the important areas of overall product growth, the success of new products, and the traction of its software offerings. Wells says that F5's Q2 sales guidance "underwhelms.. but appears conservative." The firm says that the success of the company's new products "suggests weakness in the stock...is likely to present an attractive entry point." Wells keeps an Outperform rating on the shares.
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