Stifel Nicolaus raises its price target on F5 Networks Inc. (FFIV) to $85
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Price: $384.63 +1.81%
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 25 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Stifel Nicolaus raises its price target on F5 Networks Inc. (Nasdaq: FFIV) from $80 to $85, and reiterates their Buy rating following results.
Analyst Todd Weller said, "F5 reported another solid quarter results with revenue and EPS ahead of our estimates and consensus. We believe the company's performance indicates that the fundamental growth outlook remains strong though we are cognizant that the Street may have wanted to see more upside." Weller also said confusion on the number was driven by F5 reporting on a GAAP basis while Street estimates are non-GAAP. He would use any weakness as a buying opportunity.
Analyst Todd Weller said, "F5 reported another solid quarter results with revenue and EPS ahead of our estimates and consensus. We believe the company's performance indicates that the fundamental growth outlook remains strong though we are cognizant that the Street may have wanted to see more upside." Weller also said confusion on the number was driven by F5 reporting on a GAAP basis while Street estimates are non-GAAP. He would use any weakness as a buying opportunity.
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