F5 Networks (FFIV) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 118 from a previous price target of $106 . MKM Partners advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on F5 Networks. F5 Networks was Downgraded by Pacific Crest to ” Sector Weight” on May 17, 2016. F5 Networks was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 2016. RBC Capital Mkts Resumed F5 Networks on Apr 12, 2016 to “Sector Perform”, Price Target of the shares are set at $110.
On the company’s financial health, F5 Networks reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.63. The company had revenue of $483.70 million for the quarter, compared to analysts expectations of $486.02 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS.
F5 Networks opened for trading at $110.31 and hit $124.91 on the upside on Tuesday, eventually ending the session at $123.94, with a gain of 12.63% or 13.9 points. The heightened volatility saw the trading volume jump to 34,69,836 shares. Company has a market cap of $8,302 M.
In a different news, on May 12, 2016, John Mcadam (President and CEO) sold 7,169 shares at $102.34 per share price. According to the SEC, on May 3, 2016, Scot Frazier Rogers (EVP and General Counsel) sold 1,597 shares at $103.64 per share price. On May 3, 2016, Karl D Triebes (EVP, Product Development & CTO) sold 5,798 shares at $103.91 per share price, according to the Form-4 filing with the securities and exchange commission.
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 (Traffic Management Operating System). It helps organizations seamlessly scale cloud data center and software-defined networking deployments to successfully deliver applications to anyone anywhere at any time. It works with many technology companies to improve manageability strengthen security and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.