In a report released today, Tal Liani from Merrill Lynch maintained a Buy rating on F5 Networks (NASDAQ: FFIV), with a price target of $200. The company’s shares opened today at $177.43, close to its 52-week high of $179.62.
According to TipRanks.com, Liani is a 4-star analyst with an average return of 9.8% and a 55.2% success rate. Liani covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Qualcomm Inc.
Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $168.67, representing a -4.9% downside.
In a report issued on May 31, BMO Capital also reiterated a Buy rating on the stock with a $186 price target.
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Based on F5 Networks’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $110 million. In comparison, last year the company had a net profit of $93.14 million.
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.
