F5 Networks Upgraded by ISI Group to “Strong-Buy” (FFIV)
A number of other firms have also 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 investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $120.88.
F5 Networks (NASDAQ:FFIV) traded up 2.96% on Tuesday, hitting $120.02. The stock had a trading volume of 1,562,301 shares. F5 Networks has a 52 week low of $78.14 and a 52 week high of $117.77. 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 $8.892 billion and a P/E ratio of 30.67.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue 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 that occurred on Friday, August 8th. The shares were sold at an average price of $113.79, for a total value of $1,593,060.00. The transaction was disclosed in a filing with the SEC, 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).
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