FFIV has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of F5 Networks in a research note to investors on Thursday, April 19th. They now have an “outperform” rating and a $139.00 price target on the stock.
F5 Networks traded down 3.32% on Thursday, hitting $131.71. F5 Networks has a 1-year low of $69.01 and a 1-year high of $139.46. The company has a market cap of $10.410 billion and a price-to-earnings ratio of 41.41.
The company last announced its quarterly results on Wednesday, April 18th. It reported $1.09 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.07 EPS by $0.02. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts expect that F5 Networks will post $1.26 EPS next quarter.
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.