F5 Networks PT Raised to $100.00 (FFIV)
Research analysts at Wunderlich increased their price target on shares of F5 Networks (NASDAQ:FFIV) from $90.00 to $100.00 in a report released on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price objective points to a potential upside of 2.59% from the company’s current price.
Shares of F5 Networks (NASDAQ:FFIV) opened at 97.48 on Thursday. F5 Networks has a 52-week low of $67.53 and a 52-week high of $107.99. The stock’s 50-day moving average is $88.58 and its 200-day moving average is $86.30. The company has a market cap of $7.565 billion and a price-to-earnings ratio of 27.85. F5 Networks also was the target of some unusual options trading activity on Wednesday. Stock traders bought 18,453 put options on the stock. This is an increase of 728% compared to the average daily volume of 2,229 put options.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 22nd. The company reported $1.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.03. The company had revenue of $406.50 million for the quarter, compared to the consensus estimate of $396.27 million. During the same quarter last year, the company posted $1.14 earnings per share. F5 Networks’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that F5 Networks will post $5.10 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FFIV. Analysts at Nomura downgraded shares of F5 Networks from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $111.00 price target on the stock, up previously from $100.00. Separately, analysts at ISI Group raised their price target on shares of F5 Networks from $95.00 to $125.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Thirteen investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. F5 Networks presently has an average rating of “Buy” and an average target price of $108.88.
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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