F5 Networks Hits New 12-Month High at $125.99 (FFIV)
F5 Networks (NASDAQ:FFIV) shares hit a new 52-week high during trading on Tuesday , Analyst RN reports. The stock traded as high as $125.99 and last traded at $125.11, with a volume of 347,128 shares. The stock had previously closed at $124.19.
A number of analysts have recently weighed in on FFIV shares. Analysts at ISI Group upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. They now have a $7.00 price target on the stock, down previously from $135.00. Separately, 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. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $117.53.
The stock’s 50-day moving average is $115.1 and its 200-day moving average is $110.5. The company has a market cap of $9.315 billion and a price-to-earnings ratio of 32.67.
F5 Networks (NASDAQ:FFIV) last announced its 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, Director Alan Higginson sold 1,156 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $121.45, for a total transaction of $140,396.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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