Evercore ISI Thinks F5 Networks’ Stock is Going to Recover

In a report issued on July 25, Amit Daryanani from Evercore ISI maintained a Buy rating on F5 Networks (FFIVResearch Report), with a price target of $220.00. The company’s shares closed last Tuesday at $159.31, close to its 52-week low of $142.43.

According to TipRanks.com, Daryanani is a 3-star analyst with an average return of 2.2% and a 41.0% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Resideo Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for F5 Networks with a $193.38 average price target, implying a 16.6% upside from current levels. In a report issued on July 20, Loop Capital Markets also maintained a Buy rating on the stock with a $211.00 price target.

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The company has a one-year high of $249.00 and a one-year low of $142.43. Currently, F5 Networks has an average volume of 589.9K.

Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FFIV in relation to earlier this year.

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F5 Networks, Inc. engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

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