F5 Networks (FFIV) PT Lowered to $130 at BofA/Merrill Lynch

BofA/Merrill Lynch lowered its price target on F5 Networks (NASDAQ: FFIV) to $130.00 (from $140.00) while maintaining a Neutral rating.

Analyst Tal Liani says guidance was disappointing on weak appliance demand while software "fairs better." The analyst fears the transition may linger for a bit longer as the company works find its way into new markets.

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