F5 Networks’s Buy Rating Reaffirmed at Lazard Capital Markets (FFIV)
F5 Networks (NASDAQ:FFIV)‘s stock had its “buy” rating reiterated by investment analysts at Lazard Capital Markets in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a $105.00 price objective on the stock, up from their previous price objective of $100.00. Lazard Capital Markets’ target price would suggest a potential upside of 21.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $110.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of F5 Networks from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $104.63.
Shares of F5 Networks (NASDAQ:FFIV) traded up 0.37% during mid-day trading on Thursday, hitting $86.629. 4,612,989 shares of the company’s stock traded hands. F5 Networks has a 52-week low of $67.53 and a 52-week high of $111.58. The stock has a 50-day moving average of $87. and a 200-day moving average of $82.03. The company has a market cap of $6.783 billion and a price-to-earnings ratio of 25.46. F5 Networks also was the recipient of unusually large options trading on Wednesday. Investors bought 26,213 call options on the stock. This is an increase of approximately 496% compared to the average volume of 4,395 call options.
F5 Networks (NASDAQ:FFIV) last posted its quarterly 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 last year, the company posted $1.12 earnings per share. F5 Networks’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that F5 Networks will post $4.52 EPS for the current fiscal year.
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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