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F5 Networks Shares Jump as William Blair Sees Improved Outlook for Next Quarter

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F5 Networks (NASDAQ: FFIV) shares opened Thursday's session at $74.60, up about 3.5 percent from Wednesday's close of $71.95. Traders in the name are attributing the nice move higher to some bullish comments from William Blair analyst Jason Ader.

Ader stated checks showed improving performance for Q3 as deals delayed from the previous quarter have been closed.

Ader has a positive outlook for F5 in the short term, though remains skeptical as Q3 product growth will likely be negative compared to the previous year. Slowing growth is attributed to a maturing Application Delivery Controller market.

F5 Networks has a Market Perform rating at William Blair.

F5 shares last traded at $75.41, up nearly 5 percent for the session.

Latest Ratings for FFIV

DateFirmActionFromTo
Feb 2016BarclaysMaintainsOverweight
Jan 2016BarclaysMaintainsUnderweight
Jan 2016Deutsche BankMaintainsHold

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings Movers

 

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