Top Analyst Upgrades & Downgrades: Angie's List (ANGI), F5 (FFIV), Fusion-io (FIO), Akamai (AKAM), Citrix (CTXS), Rogers (RCI), Cadence (CDNS), Vipshop (VIPS) - 10/24/13

A roundup of tech ratings changes

• Angie's List (ANGI -3.9%) has been cut to Neutral by B. Riley after missing Q3 estimates and issuing below-consensus Q4 revenue guidance. However, shares have pared the majority of yesterday's AH losses.
• F5 (FFIV +1.6%) has been cut to Neutral by BofA/Merrill after beating FQ4 estimates and issuing mixed FQ1 guidance. Shares have given back most of yesterday's AH gains.
• Fusion-io (FIO -23.6%) has been cut to Equal Weight by Morgan Stanley after providing FQ1 guidance that was far below consensus, and disclosing its CFO and sales chief are leaving.
• Akamai (AKAM -9.3%) has been cut to Neutral by Macquarie after providing disappointing Q4 guidance to go with a Q3 beat and buyback announcement.
• Citrix (CTXS +4.2%) has been cut to Neutral by Susquehanna after providing soft (but better-than-feared) Q4 guidance to go with Q3 numbers that were slightly above the guidance ranges given in a recent warning.
• Rogers (RCI -2.3%) has been cut to Neutral by Macquarie after posting Q3 results.
• Cadence (CDNS -6.2%) has been cut to Hold by Needham after slightly missing Q3 revenue estimates and providing soft Q4 revenue guidance.
• Vipshop (VIPS +0.9%) has been started at Outperform by CLSA.

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