F5 Networks (FFIV) Receives a Buy from RBC Capital

In a report released on January 16, Matthew Hedberg from RBC Capital maintained a Buy rating on F5 Networks, with a price target of $325.00. The company’s shares closed last Friday at $268.22.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Hedberg is a 5-star analyst with an average return of 9.0% and a 52.20% success rate. Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Check Point, and UiPath.

Currently, the analyst consensus on F5 Networks is a Hold with an average price target of $294.00, a 9.61% upside from current levels. In a report released on January 15, J.P. Morgan also upgraded the stock to a Buy with a $345.00 price target.

Based on F5 Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $810.09 million and a net profit of $190.49 million. In comparison, last year the company earned a revenue of $746.67 million and had a net profit of $165.3 million

Based on the recent corporate insider activity of 86 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. Last month, Alan Higginson, a Director at FFIV sold 1,309.00 shares for a total of $310,376.99.