Piper Jaffray Upgrades F5 Networks (FFIV) to Overweight
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October 27, 2016 9:37 AM EDT
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... More
October 26, 2016 4:14 PM EDT
F5 Networks (NASDAQ: FFIV) reported Q4 EPS of $2.11, $0.17 better than the analyst estimate of $1.94. Revenue for the quarter came in at $525.3 million versus the consensus estimate of $520.32 million.
FFIV also announced that Ryan Kearny has been appointed to the companys executive leadership team as Executive Vice President of Product Development and Chief Technology Officer, reporting to the CEO. In this role, Kearny will oversee the companys product development and innovation strategy for all F5 solutions.
Ryans experience, perspective, and technical acumen... More
