Caris & Co. Analysts Begin Coverage on F5 Networks (FFIV)
Shares of F5 Networks traded up 0.92% during mid-day trading on Friday, hitting $133.11. F5 Networks has a one year low of $69.01 and a one year high of $139.46. The company has a market cap of $10.520 billion and a P/E ratio of 40.09.
F5 Networks last issued its quarterly earnings data on Wednesday, April 18th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.02. F5 Networks’s revenue was up 22.3% compared to the same quarter last year. On average, analysts predict that F5 Networks will post $1.26 earnings per share next quarter.
A number of other firms have also recently commented on FFIV. Analysts at Caris & Company initiated coverage on shares of F5 Networks in a research note to investors on Thursday. They set an “average” rating on the stock. Separately, analysts at Northland Securities initiated coverage on shares of F5 Networks in a research note to investors on Tuesday, April 24th. They set a “market perform” rating and a $134.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of F5 Networks in a research note to investors on Monday, April 23rd. They set an “overweight” rating and a $155.00 price target on the stock.
F5 Networks, Inc. (F5 Networks) is a provider of application delivery networking (ADN) technology that optimizes the delivery of network-based applications and the security, performance and availability of servers, data storage devices and other network resources.