November 30, 2016 - By Peter Erickson
F5 Networks (NASDAQ:FFIV)‘s “Outperform” rating is no longer valid. analysts at Bernstein cut F5 Networks (NASDAQ:FFIV)‘s rating to a “Mkt Perform”.
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 -18.79% below today’s ($140.75) stock price. F5 Networks Inc. has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the stock to “Market Perform” rating in Thursday, October 29 report. The rating was downgraded by JMP Securities to “Market Perform” on Friday, November 13. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Neutral” rating by Nomura on Wednesday, November 9. The rating was downgraded by Raymond James on Friday, September 25 to “Mkt Perform”. On Friday, January 15 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Neutral” rating by Buckingham Research on Monday, August 3. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets. Wunderlich maintained the stock with “Hold” rating in Thursday, October 29 report. Barclays Capital initiated it with “Equalweight” rating and $131 target price in Wednesday, October 14 report. The rating was maintained by M Partners with “Neutral” on Tuesday, December 22.
About 157,958 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 $100.09 million for 23.00 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.
Woodstock accumulated 0.97% or 41,185 shares. Mitsubishi Ufj accumulated 0.02% or 80 shares. Mutual Of America Capital Mgmt Ltd Llc accumulated 0.02% or 10,062 shares. Winton Cap Grp has 212,459 shares for 0.4% of their US portfolio. Commonwealth Bancshares Of Aus last reported 800 shares in the company. Franklin Res has 0% invested in the company for 25,662 shares. Reynders Mcveigh Cap Ltd Com holds 0.29% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 17,638 shares. Moreover, Wilkins Inv Counsel has 2.13% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 55,160 shares. Sandy Spring National Bank & Trust holds 0% or 10 shares in its portfolio. Lazard Asset Management Lc has 0% invested in the company for 2,155 shares. Renaissance Group Inc Ltd Liability Co accumulated 252,145 shares or 1.22% of the stock. First Quadrant Lp Ca reported 117,599 shares or 0.3% of all its holdings. Royal National Bank & Trust Of Scotland Grp Public Ltd Co holds 0.11% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 3,878 shares. Chevy Chase accumulated 0.04% or 57,218 shares. Charter Tru reported 2,659 shares or 0.04% of all its holdings.
Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 16 insider sales for $10.21 million net activity. The insider Kearny Ryan C. sold 686 shares worth $94,003. 4,352 shares with value of $522,719 were sold by Reinland Andrew on Tuesday, June 7. DiLullo John D sold $781,667 worth of stock. Rogers Scot Frazier sold $197,527 worth of stock or 1,607 shares. HIGGINSON ALAN had sold 3,000 shares worth $412,477 on Tuesday, November 8. Another trade for 6,229 shares valued at $769,909 was sold by BEVIER DEBORAH L. $718,197 worth of shares were sold by TRIEBES KARL D on Friday, July 29.
F5 Networks, Inc. is a developer and well-known provider of software defined application services. The company has a market cap of $9.21 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 26.09 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.”
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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