UPDATE: JPMorgan Starts F5 Networks (FFIV) at Overweight

(updating comment)

JPMorgan analyst Samik Chatterjee initiates coverage on F5 Networks (NASDAQ: FFIV) with a Overweight rating and a price target of $192.00.

The analyst comments "We now rate FFIV shares Overweight, led by our favorable view on FFIV’s transition from a hardware appliance business to a software-oriented virtual and cloud-driven ADC business in combination with the return of a consistent share repurchase program, which we viewed as a missing part of the puzzle, that has now reinstated visibility for investors into a sustainable double-digit earnings growth at a reasonable valuation."

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 $159.46 yesterday.

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