F5 Networks PT Raised to $100.00 at Sterne Agee (FFIV)
Research analysts at Sterne Agee raised their target price on shares of F5 Networks (NASDAQ:FFIV) from $96.00 to $100.00 in a report released on Thursday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would indicate a potential upside of 20.91% from the company’s current price.
F5 Networks (NASDAQ:FFIV) traded down 2.87% during mid-day trading on Thursday, hitting $82.709. The stock had a trading volume of 3,231,447 shares. 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 $6.476 billion and a P/E ratio of 25.12. F5 Networks also was the recipient of unusually large options trading on Wednesday. Stock investors purchased 26,213 call options on the stock. This is an increase of approximately 496% compared to the typical 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 for the quarter, beating the analysts’ 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. On average, analysts predict that F5 Networks will post $5.09 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of F5 Networks from $93.00 to $95.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of F5 Networks from $90.00 to $104.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of F5 Networks from $97.00 to $102.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $106.71.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.