Updated: 09-Mar-00
Quotes at time of story, top stories today: (FFIV 13:06) (LE 11:52)
(FWIS 10:34) (USW 09:59) (PCTL 08:57)
13:06 ET ******
F5 Networks (FFIV) 104 5/8 +5 5/8: Back in late January, Briefing.com
issued a bullish Trader's Edge Stock Brief on FFIV... Since that time
this leading player in the fast growing Internet traffic and content
management (ITM) arena has underperformed the market... In fact,
even with today's gain the stock is down 20% from the date of our
Brief... While we have been disappointed in the stock's behavior, the
company's underlying fundamentals remain very strong... Over the
past three quarters, company has posted year/year sales growth of
611%, 621% and 591%... FFIV has also had no trouble beating the
consensus estimates, doing so by 80%, 257% and 41%... Unlike
many of today's high-flyers in the tech and biotech industries, FFIV is
profitable... Current estimates have company earning $0.77 in FY00
and $1.16 in FY01... Sixty days ago, the street expected earnings of
$0.53 and $0.91... Given company's history of outperformance,
Briefing.com contends that current estimates are still to
conservative... As FFIV continues to deliver on the promise of strong
growth, look for earnings estimates to be revised higher once again...
Another factor which could work in the stock's favor is the lack of
coverage... At present estimates drawn from only 5 analysts...
Considering FFIV's successes, we expect more coverage in the
quarters to come, and most of it will be favorable... Technically, recent
correction hasn't done any serious damage either... Convergence of
moving averages combined with recent break back above 50-day
moving average suggest stock poised for renewed gains... Our initial
upside target remains 160 1/2. -- RW
Good luck
yanks
Quotes at time of story, top stories today: (FFIV 13:06) (LE 11:52)
(FWIS 10:34) (USW 09:59) (PCTL 08:57)
13:06 ET ******
F5 Networks (FFIV) 104 5/8 +5 5/8: Back in late January, Briefing.com
issued a bullish Trader's Edge Stock Brief on FFIV... Since that time
this leading player in the fast growing Internet traffic and content
management (ITM) arena has underperformed the market... In fact,
even with today's gain the stock is down 20% from the date of our
Brief... While we have been disappointed in the stock's behavior, the
company's underlying fundamentals remain very strong... Over the
past three quarters, company has posted year/year sales growth of
611%, 621% and 591%... FFIV has also had no trouble beating the
consensus estimates, doing so by 80%, 257% and 41%... Unlike
many of today's high-flyers in the tech and biotech industries, FFIV is
profitable... Current estimates have company earning $0.77 in FY00
and $1.16 in FY01... Sixty days ago, the street expected earnings of
$0.53 and $0.91... Given company's history of outperformance,
Briefing.com contends that current estimates are still to
conservative... As FFIV continues to deliver on the promise of strong
growth, look for earnings estimates to be revised higher once again...
Another factor which could work in the stock's favor is the lack of
coverage... At present estimates drawn from only 5 analysts...
Considering FFIV's successes, we expect more coverage in the
quarters to come, and most of it will be favorable... Technically, recent
correction hasn't done any serious damage either... Convergence of
moving averages combined with recent break back above 50-day
moving average suggest stock poised for renewed gains... Our initial
upside target remains 160 1/2. -- RW
Good luck
yanks
