BMO Capital Believes F5 Networks (FFIV) Still Has Room to Grow


In a report released today, Tim Long from BMO Capital reiterated a Buy rating on F5 Networks (NASDAQ: FFIV), with a price target of $186. The company’s shares opened today at $173.11, close to its 52-week high of $176.33.

According to TipRanks.com, Long is a 5-star analyst with an average return of 19.9% and a 67.2% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $166.50, representing a -3.8% downside.

In a report issued on May 21, Credit Suisse also assigned a Buy rating to the stock with a $188 price target.

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The company has a one-year high of $176.33 and a one-year low of $114.63. Currently, F5 Networks has an average volume of 699.8K.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.

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F5 Networks, Inc. engages developing and providing 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.

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