F5 Networks (FFIV): Solid Q, Raising PT to $160 - Drexel Hamilton

October 27, 2016 9:08 AM EDT
Get Alerts FFIV Hot Sheet
Price: $143.15 +0.22%

Rating Summary:
    21 Buy, 30 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of F5 Networks (NASDAQ: FFIV) after the company delivered a stronger than expected 4Q:FY16 with the highest operating margin on record and a healthy 1Q:FY17 outlook.

The company reported 4Q:FY16 revenue of $525.3 million that beat the Street at $520.7 and was up 5% YoY. Pro forma EPS of $2.11 handily beat the Street at $1.94 as a lower tax rate added approximately $0.06 to EPS.

With the launch of the Shuttle Series in September, F5 expects to finish the roll-out in November and ramp over the next year.

The price target goes to $160 from $155.

For an analyst ratings summary and ratings history on F5 Networks click here. For more ratings news on F5 Networks click here.

Shares of F5 Networks closed at $119.54 yesterday.

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