In a report released today, George Iwanyc from Oppenheimer maintained a Hold rating on F5 Networks (NASDAQ: FFIV). The company’s shares closed yesterday at $161.60.
Iwanyc commented:
“F5 Networks’ FY4Q18 results topped expectations and its outlook was largely in line with expectations. Positives include broad-based regional demand, steady deal sizes, and continued strong deal closure and pipeline growth for its new ELA and virtual subscription models. The steady execution helped lift software revenue (+19% of product revenue (+2pts QoQ). Management also highlighted good customer interest for upcoming products (standalone SSL Orchestrator coming in Dec. and in 1HCY19). While comfortable with F5’s execution and strategic direction, we continue to believe this is already largely reflected in current valuation levels, presenting a balanced risk/reward opportunity near term. Longer term, we’re more positive, focusing on proof points showing security traction and use case/new customer expansion.”
According to TipRanks.com, Iwanyc is a 3-star analyst with an average return of 8.3% and a 70.0% success rate. Iwanyc covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Ceragon Networks, and Juniper Networks.
F5 Networks has an analyst consensus of Hold, with a price target consensus of $183.50, a 13.6% upside from current levels. In a report issued on October 15, Nomura also reiterated a Hold rating on the stock with a $160 price target.
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The company has a one-year high of $199.71 and a one-year low of $118.76. Currently, F5 Networks has an average volume of 617.2K.
Based on the recent corporate insider activity of 73 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.
