Northland Securities Increases F5 Networks Price Target to $117.00 (FFIV)
Equities researchers at Northland Securities upped their target price on shares of F5 Networks (NASDAQ:FFIV) from $113.00 to $117.00 in a research report issued on Thursday, Stock Ratings News reports. The firm currently has a “market perform” rating on the stock. Northland Securities’ price target indicates a potential upside of 10.40% from the stock’s previous close.
F5 Networks (NASDAQ:FFIV) traded down 2.04% on Thursday, hitting $105.98. 2,950,233 shares of the company’s stock traded hands. F5 Networks has a one year low of $67.53 and a one year high of $116.71. The stock’s 50-day moving average is $108.7 and its 200-day moving average is $96.88. The company has a market cap of $7.995 billion and a P/E ratio of 31.00.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, April 23rd. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $414.26 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that F5 Networks will post $5.23 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group raised their price target on shares of F5 Networks from $125.00 to $135.00 in a research note on Thursday. They now have a “strong-buy” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of F5 Networks from $90.00 to $120.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of F5 Networks from $118.00 to $120.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Fifteen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $115.52.
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (NASDAQ:FFIV).
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