F5 Networks Downgraded to Underperform at Zacks (FFIV)
F5 Networks (NASDAQ:FFIV) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a $84.30 target price on the stock. Zacks‘ price objective would indicate a potential downside of 1.00% from the company’s current price.
Shares of F5 Networks (NASDAQ:FFIV) traded down 1.34% on Thursday, hitting $85.152. The stock had a trading volume of 6,627,805 shares. F5 Networks has a 1-year low of $67.53 and a 1-year high of $111.58. The stock’s 50-day moving average is $87. and its 200-day moving average is $82.03. The company has a market cap of $6.668 billion and a P/E ratio of 25.46. F5 Networks also saw some unusual options trading on Wednesday. Stock traders acquired 26,213 call options on the stock. This is an increase of 496% compared to the typical volume of 4,395 call options.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, October 23rd. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $395.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that F5 Networks will post $4.52 earnings per share for the current fiscal year.
FFIV has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $100.00 price target on the stock, up previously from $97.00. Separately, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $105.00 price target on the stock, up previously from $100.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $107.00 price target on the stock, up previously from $100.00. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.82.
F5 Networks, Inc is a provider of Application Delivery Networking (NASDAQ:FFIV) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.
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