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UPDATE: Bank Of America Reiterates On F5 Networks On Positive Data Points

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In a report published Tuesday, Bank of America analyst Tal Liani reiterated a Neutral rating on F5 Networks (NASDAQ: FFIV), and raised the price target from $120.00 to $138.00.

In the report, Bank of America noted, “The ADC market has shown positive signs this year, with YoY growth rates averaging ~14% in the last 3 quarters. During this period, F5 gained market share primarily due to new product releases and product upgrades, as well as the implementation of Good, Better, Best pricing. F5's non-ADC segments (security, access policy management, traffix, CGN) have also seen improvement, rising 35% YoY (our estimates). Based on these positive trends we raise our PO to $138 from $120, and maintain our Neutral rating on valuation.”

F5 Networks closed on Monday at $122.16.

Latest Ratings for FFIV

DateFirmActionFromTo
Apr 2019UpgradesNeutralBuy
Mar 2019UpgradesUnderweightNeutral
Mar 2019DowngradesOverweightNeutral

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

Posted-In: Bank of America Tal LianiAnalyst Color Price Target Analyst Ratings

 

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