Nomura initiated coverage on F5 Networks, Inc. FFIV with a Neutral rating.
The target price for F5 Networks is set to $118.
F5 Networks shares have gained 14.94 percent over the past 52 weeks, while the S&P 500 index has surged 9.43 percent in the same period.
F5 Networks' shares closed at $125.26 in after-hours trading.
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