A number of research firms have changed their ratings and price targets for F5 Networks (NASDAQ: FFIV):
- 10/26/2018 – F5 Networks had its price target raised by analysts at Cowen Inc from $186.00 to $196.00. They now have an “outperform” rating on the stock.
- 10/26/2018 – F5 Networks had its price target raised by analysts at MKM Partners to $190.00. They now have a “neutral” rating on the stock.
- 10/25/2018 – F5 Networks had its price target raised by analysts at Credit Suisse Group AG from $216.00 to $218.00. They now have an “outperform” rating on the stock.
- 10/25/2018 – F5 Networks had its price target raised by analysts at BMO Capital Markets from $188.00 to $195.00. They now have an “outperform” rating on the stock.
- 10/16/2018 – F5 Networks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 10/12/2018 – F5 Networks was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating.
- 10/4/2018 – F5 Networks was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 10/1/2018 – F5 Networks was downgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “underweight” rating. They now have a $180.00 price target on the stock, up previously from $168.00.
- 9/25/2018 – F5 Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “F5 Networks is benefiting from growth in services and software solutions segments. Deployment of solutions by customers on cloud and on-premise environment is expected to drive revenues going ahead. We believe that the company’s product refreshes will boost revenues, going forward. It is worth mentioning that the company’s BIG-IP Cloud Edition is expected to be a meaningful driver of software growth. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. The stock has outperformed the industry in the year-to-date period. Nevertheless, a volatile spending atmosphere and competition from peers remain concerns. Moreover, F5 Networks continues to acquire a large number of companies, exposing it to integration risks. A substantial portion of sales is derived from outside the U.S., which exposes the company to exchange rate fluctuations and counterparty default risk.”
Shares of FFIV stock traded up $0.60 during mid-day trading on Tuesday, hitting $181.42. The company’s stock had a trading volume of 328,309 shares, compared to its average volume of 721,863. F5 Networks, Inc. has a 52 week low of $119.40 and a 52 week high of $199.71. The firm has a market cap of $10.96 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, October 24th. The network technology company reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The firm had revenue of $562.71 million during the quarter, compared to analyst estimates of $560.72 million. On average, equities analysts forecast that F5 Networks, Inc. will post 8.48 earnings per share for the current year.
In other news, Director Michael L. Dreyer sold 5,679 shares of F5 Networks stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ryan C. Kearny sold 8,226 shares of F5 Networks stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $177.90, for a total value of $1,463,405.40. Following the completion of the transaction, the senior vice president now directly owns 14,139 shares of the company’s stock, valued at $2,515,328.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,462 shares of company stock valued at $4,914,759. Corporate insiders own 0.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in F5 Networks in the 2nd quarter valued at about $119,000. Truvestments Capital LLC bought a new stake in F5 Networks in the 3rd quarter valued at about $123,000. Qube Research & Technologies Ltd bought a new stake in F5 Networks in the 2nd quarter valued at about $131,000. Advisor Partners LLC bought a new stake in F5 Networks in the 2nd quarter valued at about $202,000. Finally, Hollencrest Capital Management bought a new stake in F5 Networks in the 3rd quarter valued at about $202,000. 98.20% of the stock is owned by hedge funds and other institutional investors.
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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