F5 Networks Announces Results for Third Quarter of Fiscal 2016

MKM Partners Raises Price Target on F5 Networks (FFIV) to $133 Following 3Q

MKM Partners reiterated a Neutral rating on F5 Networks (NASDAQ: FFIV), and raised the price target to $133.00 (from $118.00), following the company's 3Q report and conference call. Management directed September quarter revenues/EPS to $515mn-$525mn/$1.92-$1.95, compared to consensus at $518mn/$1.92.

Analyst Michael Genovese... More

Drexel Hamilton Raises Price Target on F5 Networks (FFIV) Following Solid 3Q

Drexel Hamilton reiterated a Buy rating on F5 Networks (NASDAQ: FFIV), and raised the price target to $155.00 (from $145.00), following the company's 3Q earnings report. F5 reported 3Q revenue of $496.5 million, in-line with the Street's estimate at $495.6 million. Pro forma EPS of $1.81 beat the Street's $1.79... More

Credit Suisse Downgrades F5 Networks (FFIV) to Neutral

Credit Suisse downgraded F5 Networks (NASDAQ: FFIV) from Outperform to Neutral with a price target of $125.00 following Q3 results.

Analyst Sami Badri commented, "F5 reported revenue of $496.5mn (+2.7% y/y), above CS/consensus estimates of $495.7mn/ $495.3mn, respectively. Earnings per share of $1.81 topped CS... More

BMO Capital Raises Price Target on F5 Networks (FFIV) to $125 Following 3Q Beat

BMO Capital reiterated a Market Perform rating on F5 Networks (NASDAQ: FFIV), and raised the price target to $125.00 (from $104.00), following the company's 3Q earnings report. FFIV reported revenues of $497mm, in line with the consensus estimate of $496. EPS came in ahead of estimates at $1.81 compared to $1.79.

Analyst... More

F5 Networks (FFIV) Tops Q3 EPS by 2c; Guides In-Line

F5 Networks (NASDAQ: FFIV) reported Q3 EPS of $1.81, $0.02 better than the analyst estimate of $1.79. Revenue for the quarter came in at $496.5 million versus the consensus estimate of $495.29 million.

GUIDANCE:

F5 Networks sees Q4 2016 EPS of $1.92-$1.95, versus the consensus of $1.92. F5 Networks sees Q4 2016 revenue of $515-525 million, versus the consensus of $516.7 million.

During the third quarter, F5 delivered solid revenue growth and strong earnings despite a relatively challenging spending environment, said John McAdam, F5 President and Chief Executive Officer.... More