Jefferies analyst George Notter raised his price target on F5 Networks (NASDAQ: FFIV) to $120.00 (from $110.00) but maintained a Hold rating.

Notter commented, "F5 delivered solid September results and guidance for 2017. Moreover, the organization seems to be effectively navigating their product refresh cycle and we expect that Product revenue should return to positive Y/Y growth in 2017. While we think the organization is executing quite well right now, the risk/reward on the stock remains balanced, in our view."

FY17 EPS goes from $7.75 to $7.95.

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 $119.54 yesterday.