Oppenheimer Boosts Numbers on F5 Networks (FFIV) After Checks

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Oppenheimer raiesd their price target on Outperform rated F5 Networks (NASDAQ: FFIV) from $130 to $150 following US/Europe channel checks which suggest March results are tracking in line with expectations.

"Our contacts suggest F5 is benefiting from solid demand for its VIPRION 2400 solution as well as rising attach-rates for its application delivery modules (ASM, APM, LTM, GTM)," the firm said. "Looking ahead, we see a strong June building as our checks highlight a solid pipeline and increased government spending."

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 $136.66 yesterday, with a 52 week range of $69.01-$137.59.

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