Technicals/Fundamentals Point to Upside in F5 Networks (FFIV)
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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!
Chief Technician Katie Stockton of MKM partners is recommend buying F5 Networks, Inc. (Nasdaq: FFIV) ahead of what she views as a potential breakout. The analyst’s call is based on a technical signal called a Rounded Base. Technicians often few these patterns as potential turning points. In a note, MKM said a breakout above $104 could trigger a rally back to $120.
From a fundamental perspective, MKM Partners Communications Equipment Analyst Michael Genovese has a positive view of the short- and long-term fundamentals of F5 and he views it as the best positioned company in the data networking space.
“The company is benefiting from strong secular alignment with its customers’ needs for advanced data center control and security,” noted analysts adding that “while FY13 revenue growth is likely to slightly decelerate from ~20% to the high-teens, F5 remains the fastest growing company in the sector with $1+bn in annual revenues.”
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 $100.23 yesterday, with a 52 week range of $69.01-$139.46.
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From a fundamental perspective, MKM Partners Communications Equipment Analyst Michael Genovese has a positive view of the short- and long-term fundamentals of F5 and he views it as the best positioned company in the data networking space.
“The company is benefiting from strong secular alignment with its customers’ needs for advanced data center control and security,” noted analysts adding that “while FY13 revenue growth is likely to slightly decelerate from ~20% to the high-teens, F5 remains the fastest growing company in the sector with $1+bn in annual revenues.”
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 $100.23 yesterday, with a 52 week range of $69.01-$139.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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