F5 Networks (NASDAQ:FFIV)‘s stock had its “buy” rating restated by analysts at Lazard Capital Markets in a research report issued to clients and investors on Thursday, Analyst Ratings News reports. They currently have a $105.00 price objective on the stock, up from their previous price objective of $100.00. Lazard Capital Markets’ price target indicates a potential upside of 21.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $107.00 price target on the stock, up previously from $100.00. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of F5 Networks in a research note to investors on Thursday. They now have a $110.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of F5 Networks from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Thirteen analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $104.63.
Shares of F5 Networks (NASDAQ:FFIV) traded up 0.12% on Thursday, hitting $86.41. The stock had a trading volume of 4,643,361 shares. F5 Networks has a one year low of $67.53 and a one year high of $111.58. The stock has a 50-day moving average of $87. and a 200-day moving average of $82.03. The company has a market cap of $6.766 billion and a P/E ratio of 25.46. F5 Networks also was the target of some unusual options trading activity on Wednesday. Stock investors bought 26,213 call options on the company. This is an increase of approximately 496% compared to the average volume of 4,395 call options.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.19 by $0.07. The company had revenue of $395.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that F5 Networks will post $4.52 earnings per share for the current fiscal year.
F5 Networks, Inc is a provider of Application Delivery Networking (NASDAQ:FFIV) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.
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