Notable Downgrades: FFIV, NTAP, MXPT, GME, CSCO, SCMP, CUBE, CTRP, LOCO, CYBR

Analysts at JMP Securities downgraded F5 Networks, Inc. (FFIV) from ‘Market Outperform’ to ‘Market Perform’ in a research report issued to clients on Friday. On valuation measures, F5 Networks Inc. stock it’s trading at a forward P/E multiple of 13.07x, and at a multiple of 20.39x this year’s estimated earnings. The t-12-month revenue at F5 Networks Inc. is $1.92 billion. FFIV ‘s ROE for the same period is 27.18%. F5 Networks Inc., currently with a median Wall Street price target of $122.00 and a high target of $153.00, dropped $3.75 to $102.56 in recent trading.

NetApp, Inc. (NTAP) was downgraded from ‘Neutral’ to ‘Sell’ at Monness Crespi & Hardt. NetApp Inc. shares are currently changing hands at 22.28x this year’s forecasted earnings, compared to the industry’s 13.56x earnings multiple. Ticker has a t-12 price/sales ratio of 1.57. EPS for the same period registers at $1.41. Shares of NTAP have lost $0.52 to $31.32 in mid-day trading on Friday, giving it a market cap of roughly $9.24 billion.

Needham reported on Friday that they have lowered their rating for MaxPoint Interactive, Inc. (MXPT). The firm has downgraded MXPT from ‘Buy’ to ‘Hold’. MXPT recently traded at $2.60, a loss of $2.37 over Thursday’s closing price. The name has a current market capitalization of $67.45 million.

GameStop Corp. (GME) had its rating lowered from ‘Overweight’ to ‘Sector Weight’ by analysts at Pacific Crest today. GME was down $6.44 at $38.09 in mid-day trade, moving within a 52-week range of $31.69 to $47.83. The name, valued at $4.02 billion, opened at $39.94. Currently there are 8 analysts that rate GME a ‘Buy’, 1 analysts rate it a ‘Sell’, and 6 rate it a ‘Hold’.

Cisco Systems, Inc. (CSCO) rating of ‘Neutral’ was reiterated today at MKM Partners with a price target decrease of $29 from $32 (versus a $27.83 previous close). CSCO closed at $27.83 on Thursday and is currently trading down $1.75. In the past 52 weeks, shares of the company have traded between a low of $23.03 and a high of $30.31 and are now trading at $26.08. Shares are up 14.23% year-over-year and 3.10% year-to-date.

Sucampo Pharmaceuticals, Inc. (SCMP) was reiterated as ‘Neutral’ and the price target was decreased to $19 from $22 at Mizuho. Shares of SCMP have lost $0.35 to $17.31 in mid-day trading on Friday, giving it a market cap of roughly $775.27 million. The stock traded as high as $29.67 in Sep 17, 2015.

Raymond James reported on Friday that they have lowered their rating for CubeSmart (CUBE). The firm has downgraded CUBE from ‘Strong Buy’ to ‘Outperform’. CubeSmart recently traded at $27.75, a loss of $0.19 over Thursday’s closing price. The name has a current market capitalization of $4.79 billion.

Ctrip.com International Ltd. (CTRP) was downgraded from ‘Strong Buy’ to ‘Outperform’ at Raymond James. Shares of CTRP have lost $2.92 to $96.66 in mid-day trading today, giving it a market cap of roughly $13.78 billion.

Analysts at Robert W. Baird downgraded El Pollo Loco Holdings, Inc. (LOCO) from ‘Outperform’ to ‘Neutral’ in a research report issued to clients on Friday. The target price for LOCO is lowered from $18 to $12. El Pollo Loco Holdings Inc., currently with a median Wall Street price target of $18.00 and a high target of $21.00, dropped $0.64 to $10.878 in recent trading.

Shares of CyberArk Software, Ltd. (CYBR) are down $0.66 to $39.60 in mid-day trading after Imperial Capital reiterated its ‘In-line’ rating and decreased its 12-month base case estimate on the name by 21 points to $42 a share.

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