F5 Networks Now Covered by Analysts at Buckingham Research (FFIV)
Analysts at Buckingham Research started coverage on shares of F5 Networks (NASDAQ:FFIV) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on FFIV. Analysts at Morgan Stanley initiated coverage on shares of F5 Networks in a research note on Wednesday. They set an “equal weight” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of F5 Networks in a research note on Thursday, April 24th. They now have a $123.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, April 24th. They now have a $113.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $117.52.
F5 Networks (NASDAQ:FFIV) opened at 112.54 on Thursday. F5 Networks has a 52-week low of $67.53 and a 52-week high of $116.71. The stock’s 50-day moving average is $107.7 and its 200-day moving average is $103.2. The company has a market cap of $8.522 billion and a price-to-earnings ratio of 31.45.
F5 Networks (NASDAQ:FFIV) last posted its quarterly 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. Analysts expect that F5 Networks will post $5.29 EPS for the current fiscal year.
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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