Needham & Company Starts F5 Networks (FFIV) at Buy; The Definition of Application Networking
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Price: $81.56 +0.42%
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
23 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade FFIV Now!
Needham & Company initiates coverage on F5 Networks (NASDAQ: FFIV) with a Buy. PT $130.00.
Analyst, Alex Henderson, said, "We see downside to support at $85 per share if market uncertainty continues to weaken the broader markets and upside potential back to the $130-140 vicinity if the economy and market stabilize or rebound modestly."
"F5 is seeing strong uptake of its recent line extensions and offerings targeting specific Application Networking problems. F5’s recently launched Viprion line extensions are seeing strong acceptance and uptake. Application layer security is also pulling strong demand for F5 products even before the company has launched its NG-FW products targeted for mid to late summer."
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 $103.27 yesterday, with a 52 week range of $69.01-$139.46.
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Analyst, Alex Henderson, said, "We see downside to support at $85 per share if market uncertainty continues to weaken the broader markets and upside potential back to the $130-140 vicinity if the economy and market stabilize or rebound modestly."
"F5 is seeing strong uptake of its recent line extensions and offerings targeting specific Application Networking problems. F5’s recently launched Viprion line extensions are seeing strong acceptance and uptake. Application layer security is also pulling strong demand for F5 products even before the company has launched its NG-FW products targeted for mid to late summer."
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 $103.27 yesterday, with a 52 week range of $69.01-$139.46.
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