Weekly Analysts’ Ratings Updates for F5 Networks (FFIV)

Several brokerages have updated their recommendations and price targets on shares of F5 Networks (NASDAQ: FFIV) in the last few weeks:

  • 2/7/2018 – F5 Networks is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $145.00 price target on the stock.
  • 2/3/2018 – F5 Networks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/25/2018 – F5 Networks had its price target raised by analysts at Bank of America Corp from $157.00 to $168.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – F5 Networks had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/25/2018 – F5 Networks had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $162.00 price target on the stock.
  • 1/25/2018 – F5 Networks had its price target raised by analysts at MKM Partners from $133.00 to $156.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – F5 Networks had its price target raised by analysts at BMO Capital Markets from $156.00 to $166.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – F5 Networks had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 1/25/2018 – F5 Networks had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $167.00 price target on the stock.
  • 1/25/2018 – F5 Networks had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $145.00 price target on the stock. They wrote, “We view the continued lack of product revenue growth as a concern at this stage of the product refresh cycle. We raised our F18E and F19E EPS mostly due to a lower expected tax rate. Our rating is based on our view of challenging fundamentals offset by FCF support.””
  • 1/24/2018 – F5 Networks had its price target raised by analysts at Morgan Stanley from $120.00 to $130.00. They now have an “equal weight” rating on the stock.
  • 1/17/2018 – F5 Networks was given a new $155.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 1/16/2018 – F5 Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $159.00 price target on the stock. According to Zacks, “F5 Networks provides products and services to manage Internet traffic worldwide. Revenue growth seems to be steady, positively impacted by strength across all its business segments and higher software revenues. We believe that the company’s product refreshes will boost revenues, going forward. It is worth mentioning that the company’s GBB pricing strategy and its BIG-IQ platform remain tailwinds. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. Better execution and focus on enterprise and service providers have placed F5 Networks well in the application delivery controller market. Nevertheless, a volatile spending atmosphere and competition from peers remain concerns. The stock has underperformed the industry in the last one year.”
  • 1/15/2018 – F5 Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “F5 Networks provides products and services to manage Internet traffic worldwide. Revenue growth seems to be steady, positively impacted by strength across all its business segments and higher software revenues. We believe that the company’s product refreshes will boost revenues, going forward. It is worth mentioning that the company’s GBB pricing strategy and its BIG-IQ platform remain tailwinds. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. Better execution and focus on enterprise and service providers have placed F5 Networks well in the application delivery controller market. Nevertheless, a volatile spending atmosphere and competition from peers remain concerns. The stock has underperformed the industry in the last one year.”
  • 1/10/2018 – F5 Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $154.00 price target on the stock. According to Zacks, “F5 Networks provides products and services to manage Internet traffic worldwide. Revenue growth seems to be steady, positively impacted by strength across all its business segments and higher software revenues. We believe that the company’s product refreshes will boost revenues, going forward. It is worth mentioning that the company’s GBB pricing strategy and its BIG-IQ platform remain tailwinds. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. Better execution and focus on enterprise and service providers have placed F5 Networks well in the application delivery controller market. Nevertheless, a volatile spending atmosphere and competition from peers remain concerns. The stock has underperformed the industry in the last one year.”
  • 1/10/2018 – F5 Networks had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $146.00 price target on the stock.
  • 1/5/2018 – F5 Networks had its “sell” rating reaffirmed by analysts at Deutsche Bank AG.
  • 1/5/2018 – F5 Networks was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $157.00 price target on the stock.
  • 1/4/2018 – F5 Networks was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $122.00 price target on the stock.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $138.64 on Monday. The stock has a market capitalization of $8,574.11, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. F5 Networks, Inc. has a 12-month low of $114.63 and a 12-month high of $149.50.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.21. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.98 earnings per share. analysts anticipate that F5 Networks, Inc. will post 7.23 EPS for the current fiscal year.

In other F5 Networks news, CFO Andrew Reinland sold 1,995 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total value of $288,935.85. Following the transaction, the chief financial officer now directly owns 18,930 shares of the company’s stock, valued at $2,741,631.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Dilullo sold 3,801 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $142.69, for a total value of $542,364.69. Following the completion of the transaction, the executive vice president now directly owns 7,522 shares in the company, valued at $1,073,314.18. The disclosure for this sale can be found here. Insiders sold 10,209 shares of company stock worth $1,467,119 over the last three months. Insiders own 0.30% of the company’s stock.

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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