F5 Networks (FFIV) Gets a Buy from Needham

In a report released today, Alex Henderson from Needham maintained a Buy rating on F5 Networks (FFIVResearch Report), with a price target of $303.00. The company’s shares closed yesterday at $145.66.

Henderson covers the Technology sector, focusing on stocks such as Arista Networks, Viavi Solutions, and CrowdStrike Holdings. According to TipRanks, Henderson has an average return of 17.3% and a 53.90% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for F5 Networks with a $197.77 average price target.

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Based on F5 Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $674.49 million and a net profit of $83.02 million. In comparison, last year the company earned a revenue of $651.52 million and had a net profit of $89.6 million

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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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