UPDATE: Jefferies Lowers PT on F5 Networks on Weak Q2'13 Results

In a report published Friday, Jefferies analyst George C. Notter reiterated a Hold rating on F5 Networks FFIV, but lowered the price target from $91.50 to $82.00. In the report, Notter noted, “F5 pre-announced fiscal Q2'13 (March) results that were significantly below expectations. Regarding the stock, we're still on the sidelines with a Hold rating – reaccelerating product growth will continue to remain a challenge for the company.” F5 Networks closed on Thursday at $90.42.