UPDATE: Morgan Stanley Reiterates On F5 Networks On FQ4 Preview

In a report published Tuesday, Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating on F5 Networks (NASDAQ: FFIV), and named a $113.00 price target.

In the report, Morgan Stanley noted, “Checks indicated slow summer months after a strong June quarter, but with activity picking up in the last part of the quarter we believe F5's enterprise business was OK in September and is setting up well for the December quarter.”

F5 Networks closed on Monday at $109.11.