Market Rating: Bernstein Says Its Time To Downgrade F5 Networks (NASDAQ:FFIV)

November 30, 2016 - By olga

Market Rating:  Bernstein Says Its Time To Downgrade F5 Networks (NASDAQ:FFIV)

F5 Networks (NASDAQ:FFIV) Downgrade

In a an analyst note released on 30 November, Bernstein has downgraded F5 Networks (NASDAQ:FFIV) stock to a Market Perform and has set a 12month PT at $140.00. FFIV’s old rating was Outperform.

F5 Networks, Inc. (NASDAQ:FFIV) Ratings Coverage

Out of 31 analysts covering F5 Networks Inc. (NASDAQ:FFIV), 6 rate it a “Buy”, 1 “Sell”, while 24 “Hold”. This means 19% are positive. $153 is the highest target while $93 is the lowest. The $114.30 average target is -18.74% below today’s ($140.66) stock price. F5 Networks Inc. has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $130 target price in Tuesday, October 13 report. Piper Jaffray upgraded the shares of FFIV in a report on Thursday, October 27 to “Overweight” rating. The firm has “Outperform” rating given on Wednesday, September 14 by Oppenheimer. The rating was downgraded by Sterne Agee CRT to “Neutral” on Monday, January 18. The stock has “Neutral” rating given by M Partners on Wednesday, June 8. DA Davidson maintained the shares of FFIV in a report on Friday, August 12 with “Buy” rating. Citigroup maintained F5 Networks, Inc. (NASDAQ:FFIV) rating on Thursday, April 21. Citigroup has “Neutral” rating and $110 price target. The firm has “Buy” rating by Zacks given on Friday, August 14. The stock has “Market Perform” rating given by JMP Securities on Friday, November 13. The company was initiated on Thursday, July 21 by Wunderlich.

About 351,768 shares traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has risen 33.59% since April 27, 2016 and is uptrending. It has outperformed by 28.37% the S&P500.

Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on January, 25 after the close. They expect $1.53 earnings per share, up 15.91% or $0.21 from last year’s $1.32 per share. FFIV’s profit will be $100.04 million for 22.99 P/E if the $1.53 EPS becomes a reality. After $1.69 actual earnings per share reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.08, from 0.91 in 2016Q1. The ratio worsened, as 29 funds sold all F5 Networks, Inc. shares owned while 190 reduced positions. 59 funds bought stakes while 141 increased positions. They now own 61.59 million shares or 6.46% less from 65.84 million shares in 2016Q1.

Proshare Advsr Limited Liability, a Maryland-based fund reported 18,228 shares. Keybank National Association Oh reported 11,792 shares or 0.01% of all its holdings. Arrowgrass Prtnrs (Us) Lp holds 6,297 shares or 0.01% of its portfolio. American & Management Communications last reported 18,430 shares in the company. Massmutual Trust Fsb Adv holds 0% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 25,736 shares. Benjamin F Edwards last reported 0% of its portfolio in the stock. The Japan-based Meiji Yasuda Life Insurance has invested 0.18% in F5 Networks, Inc. (NASDAQ:FFIV). Commonwealth Equity Incorporated owns 4,952 shares or 0% of their US portfolio. Amer National Registered Inv Advisor holds 0.18% or 3,358 shares in its portfolio. Trust Department Mb Natl Bank N A reported 121,533 shares or 1.8% of all its holdings. First Mercantile Trust accumulated 1,642 shares or 0.02% of the stock. Coatue Limited Co holds 943,848 shares or 1.53% of its portfolio. The Washington-based Fisher Asset Lc has invested 0% in F5 Networks, Inc. (NASDAQ:FFIV). Kennedy accumulated 0.13% or 58,587 shares. The Texas-based United Automobile Association has invested 0.07% in F5 Networks, Inc. (NASDAQ:FFIV).

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 16 insider sales for $10.21 million net activity. $697,571 worth of F5 Networks, Inc. (NASDAQ:FFIV) was sold by Reinland Andrew on Friday, July 29. TRIEBES KARL D sold $718,197 worth of stock. EAMES EDWARD JULIAN sold $804,601 worth of F5 Networks, Inc. (NASDAQ:FFIV) on Friday, July 29. 1,660 shares were sold by Rogers Scot Frazier, worth $227,386 on Friday, October 28. 2,212 F5 Networks, Inc. (NASDAQ:FFIV) shares with value of $273,074 were sold by HIGGINSON ALAN. Shares for $769,909 were sold by BEVIER DEBORAH L. 5,777 shares were sold by DiLullo John D, worth $781,667 on Wednesday, November 2.

F5 Networks, Inc. is a developer and well-known provider of software defined application services. The company has a market cap of $9.20 billion. The Firm is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. It has a 26.07 P/E ratio. The Company’s geographical divisions include the Americas ; Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC).

According to Zacks Investment Research, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow.”

FFIV Company Profile

F5 Networks, Inc., incorporated on February 26, 1996, is a developer and well-known provider of software defined application services. The Firm is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. The Company’s geographical divisions include the Americas (primarily the United States); Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC). The Company’s Traffic Management Operating System (TMOS) based offerings include software products for local and global traffic management, network and application security, access management, Web acceleration and various network and application services. These products are available as modules that can run individually or as part of an integrated solution on the Company’s purpose-built BIG-IP appliances and VIPRION chassis hardware, or as software-only Virtual Editions. The Firm also offers distributed denial-of-service (DDoS) protection, application security and other application services by subscription on its cloud Silverline platform.

More news for F5 Networks, Inc. (NASDAQ:FFIV) were recently published by: Fool.com, which released: “How F5 Networks, Inc. Gained 11% in October” on November 13, 2016. Profitconfidential.com‘s article titled: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190” and published on November 01, 2016 is yet another important article.

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