Wedbush Raises F5 Networks (FFIV) Price Target To $110
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Price: $82.63 +0.04%
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FFIV Now!
Today Wedbush maintained an Outperform rating on F5 Networks (NASDAQ: FFIV) and raised its price target of $110.00 (from $95.00).
Analyst Rohit Chopra said, “We believe F5 is well positioned to deliver growth and profitability in 2H13, driven by a comprehensive product refresh. Given its leading share position and the recent exit of Cisco (NASDAQ: CSCO), we believe F5 remains well-positioned to capture additional share and push into adjacencies. Near term, we think upgrading older products and an increase in carrier capex could drive uptake of new hardware and software platforms ahead of expectations.”
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 $97.29 yesterday, with a 52 week range of $81.07-$139.46.
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Analyst Rohit Chopra said, “We believe F5 is well positioned to deliver growth and profitability in 2H13, driven by a comprehensive product refresh. Given its leading share position and the recent exit of Cisco (NASDAQ: CSCO), we believe F5 remains well-positioned to capture additional share and push into adjacencies. Near term, we think upgrading older products and an increase in carrier capex could drive uptake of new hardware and software platforms ahead of expectations.”
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 $97.29 yesterday, with a 52 week range of $81.07-$139.46.
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