The firm said it reduced its rating on the developer and provider of application delivery services based on a valuation call.
Baird set a $125 price target on F5 Networks stock.
Separately, TheStreet Ratings team rates F5 NETWORKS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate F5 NETWORKS INC (FFIV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, growth in earnings per share and good cash flow from operations. 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."
You can view the full analysis from the report here: FFIV Ratings Report