F5 Networks Receives Average Recommendation of “Buy” from Analysts (NASDAQ:FFIV)
F5 Networks (NASDAQ:FFIV) has been given an average recommendation of “Buy” by the thirty-nine analysts that are covering the company, American Banking & Market News reports. Thirteen research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $112.71.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co initiated coverage on shares of F5 Networks in a research note on Monday, February 10th. They set a “buy” rating and a $125.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at McAdams Wright Ragen downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.
Shares of F5 Networks (NASDAQ:FFIV) opened at 112.06 on Tuesday. F5 Networks has a 52 week low of $67.53 and a 52 week high of $114.25. The stock’s 50-day moving average is $103.1 and its 200-day moving average is $90.55. The company has a market cap of $8.454 billion and a price-to-earnings ratio of 32.07.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 22nd. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that F5 Networks will post $5.21 earnings per share 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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