in a note out Thursday, analysts at Deutsche Bank raised their price target of F5 Networks, Inc. (NASDAQ: FFIV) from $1355 to $150, based on "improving demand we note for FFIV's products - and tailwind from CSCO, VMW, and Openstack based Cloud buildouts."
Some of their key takes:
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- Americas and Europe, Middle East and Africa were strong Asia (minus China) seeing improving demand.
- F5 Networks noted several low-hanging opportunities in replacing enterprise and datacenter legacy firewalls.
- Opportunity to layer 4/7 capabilities inserting into "leading edge" of big telco.
- Focus selectively on key high growth areas such as application security, DDOS, service provider NFV, Private and Hybrid Clouds
Shares closed higher by 0.74 percent at $126.12.