NEW YORK (TheStreet) -- Shares of F5 Networks (FFIV) - Get Report are down 2.13% to $115.45 in midday trading Monday after Barclays downgraded the stock to "underweight" from "equal weight," while maintaining a $114 price target.  

F5 Networks is the developer and provider of application delivery services.

"We believe that F5 is a great company with great technology, but it's facing extremely tough comps - it is well regarded by the sell-side, its security angle is hard to quantify and its estimates could even have some further downside," Barclays analysts said.  

Although this stock was once a top pick in 2013 into 2014,  F5 Networks has very difficult comps and has a new product cycle, a new pricing cycle and a new partnership with Cisco (CSCO) - Get Report, with revenue momentum clearly slowing, Barclays noted. 

Separately, TheStreet Ratings team rates F5 NETWORKS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate F5 NETWORKS INC (FFIV) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The revenue growth came in higher than the industry average of 0.2%. Since the same quarter one year prior, revenues rose by 13.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
• FFIV has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.31, which illustrates the ability to avoid short-term cash problems.
• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. In comparison to the other companies in the Communications Equipment industry and the overall market, F5 NETWORKS INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
• F5 NETWORKS INC has improved earnings per share by 39.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, F5 NETWORKS INC increased its bottom line by earning $4.09 versus $3.51 in the prior year. This year, the market expects an improvement in earnings ($6.35 versus $4.09).
• The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Communications Equipment industry average. The net income increased by 30.9% when compared to the same quarter one year prior, rising from $68.05 million to $89.08 million.
• You can view the full analysis from the report here: FFIV Ratings Report