Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
F5 Networks, Inc. (NASDAQ: FFIV) is likely to meet first-quarter expectations and see accelerating revenue growth later this year, an analyst said Monday.
F5 shares are down about 13 percent year-to-date, but traded recently at $113.33, up $0.97.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
DB = Overweight
Deutsche Bank's Brian Modoff maintained an Overweight rating on F5 Monday, along with a $140 price target.
Modoff believes that security and cloud services will help boost the company's revenue growth rate to a mid-teens percentage by the end of 2016, versus a Street consensus calling for low teens growth.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Past Missed Expectations
The Seattle-based application delivery services provider missed fourth-quarter expectations in January on smaller-than-expected size of average deals, as well as a lag in signing certain key contracts.
Looking Ahead
Observers are divided on whether F5 can sustain anything like its growth rate of the past couple of years.
Among those following the company, 24 maintain Buy or Overweight ratings, while 15 rate the shares Hold and two are at Underweight or Sell.
However, Modoff thinks the company's market is growing at a faster rate than peers.
"This is a positive setup for upward estimates revisions heading into the seasonally strong June and September quarters," Modoff said.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.