F5 Networks (FFIV) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on F5 Networks. F5 Networks was Upgraded by Nomura to ” Neutral” on Nov 9, 2016. F5 Networks was Upgraded by Piper Jaffray to ” Overweight” on Oct 27, 2016. Company shares were Reiterated by Wunderlich on Oct 27, 2016 to “Hold”, Firm has raised the Price Target to $ 130 from a previous price target of $110 .
On the company’s financial health, F5 Networks reported $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.94. The company had revenue of $525.30 million for the quarter, compared to analysts expectations of $520.71 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.
F5 Networks opened for trading at $142.9 and hit $143.93 on the upside on Tuesday, eventually ending the session at $142.81, with a gain of 0.14% or 0.2 points. The heightened volatility saw the trading volume jump to 3,36,159 shares. Company has a market cap of $9,328 M.
In a different news, on Nov 14, 2016, John Mcadam (President and CEO) sold 16,898 shares at $140.02 per share price. According to the SEC, on Nov 9, 2016, Alan Higginson (director) sold 3,000 shares at $137.49 per share price. On Nov 4, 2016, Andrew Reinland (EVP, Chief Financial Officer) sold 2,932 shares at $135.74 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.