F5 Networks (FFIV) PT, Estimate Raised at Piper Jaffray Post Q2
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Drexel Hamilton Maintains Bullish View on F5 Networks (FFIV) Posts Q2
April 21, 2016 8:54 AM EDTDrexel 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... MoreF5 Networks (FFIV) Tops Q2 EPS by 5c, Offers Q3 Guidance and Approves $1B Buyback
April 20, 2016 4:07 PM EDTF5 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
