F5 Networks Announces Results for Second Quarter of Fiscal 2016
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April 21, 2016 8:54 AM EDT
Drexel Hamilton analyst Brian White reiterated a Buy rating and $145 price target on F5 Networks (NASDAQ: FFIV) following Q2 results. The analyst soft sale trends but new product cycle ramps and sales cycle troughs.
White highlighted:
Last night, F5 Networks reported soft 2Q:FY16 sales and a muted sales outlook; however, the company executed well on EPS and we look forward to a new product cycle ramping in the coming months. Also, F5's board authorized an additional $1 billion for the company's share repurchase...
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April 21, 2016 8:39 AM EDT
Piper Jaffray analyst Troy Jensen bumped his price target on F5 Networks (NASDAQ: FFIV) to $103.00 (from $100.00) following results but maintained a Neutral rating.
Jensen commented, "F5 Networks reported mixed March quarter results with revenues falling below expectations, but lower taxes and an aggressive share... More
April 21, 2016 7:45 AM EDT
Baird reiterated a Neutral rating on F5 Networks (NASDAQ: FFIV), and raised the price target to $110.00 (from $105.00), following the company's 2Q earnings report. FFIV reported a slight miss in revenue at $484M, compared to $486M consensus. Non-GAAP EPS of $1.68 came in ahead of consensus estimates of... More
April 20, 2016 4:07 PM EDT
F5 Networks (NASDAQ: FFIV) reported Q2 EPS of $1.68, $0.05 better than the analyst estimate of $1.63. Revenue for the quarter came in at $490 million versus the consensus estimate of $485.93 million.
GUIDANCE:
F5 Networks sees Q3 2016 EPS of $1.77-$1.80, versus the consensus of... More
