Deutsche Bank Reiterates a 'Buy' on F5 Networks (FFIV); Solid Q4; FY12+ Product Cycle Ramps

Deutsche Bank reiterates a 'Buy' on F5 Networks (NASDAQ: FFIV) price target raised from $95 to $110.

Deutsche analyst says, "Impressive Q4 results: revenues of $314.6 m (up 24% annually) and pro-forma EPS of $1.06 – both solid beats versus our estimate and consensus. The Q1 guide ($317.5 m / $1.00 [mid-point]) bracketed our estimate and consensus. Book/Bill was greater than 1.0x. We view F5 as a pure-play on strong FY12+ product cycles, with near-term growth likely to re-accelerate, based on the ramp of major ADC use cases (SSL offload, mobile data, Web security, etc)."

For more ratings news on F5 Networks click here and for the rating history of F5 Networks click here.

Shares of F5 Networks closed at $88.76 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Upgrades Huizhou Desay Sv Automotive Co (002920:CH) to Hold
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Martin Marietta prices $5.5 billion in senior notes to fund acquisition