In tech earnings last night, FFIV (-19.3%) guided Q2 below consensus. CSCO (-3.7%) and JNPR (-5.6%) are lower in sympathy. This morning, SSNLF (0.0%) and RDWR (-19.6%) each guided Q1 below consensus. In news, Ray Lane is stepping down as HPQ (-1.8%) Chairman, Ralph Whitman will replace him. SABA (-2.3%) disclosed its under an SEC investigation. NIHD (+13.1%) announced the sale of Nextel Peru to Entel for $400 mln. Among notable analyst upgrades this morning in the tech space, Argus upgrades FB (+1.0%) to Buy and Stifel upgraded TDC (+0.2%) to Buy. Among downgrades, FFIV (-19.3%) was downgraded at a host of firms, VTNC (-4.6%) was downgraded to Hold at Cowen, and JNPR (-5.6%) was downgraded to Equal Weight at Barclays.






