Analyst Says F5 Gaining Ground at Expense of Cisco and Citrix

If an analyst at Deutsche Bank is to be believed, F5 Networks is not only benefiting from relatively bullish customer spending, but it’s getting the competitive measure of Cisco Systems and Citrix at the lucrative high end of the application-delivery networking market.

According to an Associated Press (AP) report, Deutsche Bank analyst Brian Modoff said his checks show F5 Networks’ biggest-spending customers in the technology, government, financial services, and telecommunications industries are placing more orders than anticipated for the company’s products.

Modoff also reports that “the competitive landscape continues to favor F5,” with the company doing especially well in high-end accounts.

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