F5 Networks Receives Average Rating of “Buy” from Brokerages (NASDAQ:FFIV)
F5 Networks (NASDAQ:FFIV) has earned a consensus recommendation of “Buy” from the thirty-seven ratings firms that are covering the company, AmericanBankingNews.com reports. Fourteen research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $117.53.
F5 Networks (NASDAQ:FFIV) traded up 0.52% during mid-day trading on Friday, hitting $123.64. The stock had a trading volume of 76,249 shares. F5 Networks has a 52 week low of $78.14 and a 52 week high of $126.10. The stock’s 50-day moving average is $116.5 and its 200-day moving average is $110.8. The company has a market cap of $9.160 billion and a P/E ratio of 32.36.
F5 Networks (NASDAQ:FFIV) last released its earnings data 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. Analysts expect that F5 Networks will post $5.35 EPS for the current fiscal year.
In other F5 Networks news, Director Alan Higginson unloaded 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $125.10, for a total transaction of $250,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on FFIV. 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.
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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