Market Overview

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


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

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


Related Articles (FFIV)

View Comments and Join the Discussion!

Dan Nathan's Facebook Inc Trade

Sodastream International Ltd Shares Halted On Negative Preliminary Guidance