Share on StockTwits

F5 Networks (NASDAQ:FFIV)’s share price reached a new 52-week high on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $119.50 and last traded at $119.06, with a volume of 768,790 shares trading hands. The stock had previously closed at $116.57.

A number of research firms have recently commented on FFIV. Analysts at Zacks upgraded shares of F5 Networks from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $115.90 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $112.00 price target on the stock, up previously from $110.00. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $118.00 price target on the stock, up previously from $110.00. Fourteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $121.30.

The stock has a 50-day moving average of $112.4 and a 200-day moving average of $109.5. The company has a market cap of $8.897 billion and a P/E ratio of 30.67.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The company had revenue of $440.30 million for the quarter, compared to the consensus estimate of $435.00 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that F5 Networks will post $5.35 earnings per share for the current fiscal year.

In other F5 Networks news, CEO John Mcadam sold 14,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $113.79, for a total value of $1,593,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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).

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.