#F5 Networks, Inc. (NASDAQ:FFIV) announced its quarterly earnings results on Wednesday. The network technology company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.13, AnalystRatings.Net reports. The company had revenue of $489.50 million for the quarter, compared to the consensus estimate of $485.51 million. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 EPS. F5 Networks updated its Q2 guidance to $1.61-1.64 EPS.
FFIV has been the subject of several recent research reports. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, September 29th. Nomura downgraded F5 Networks from a “neutral” rating to a “reduce” rating and set a $90.00 price target for the company. in a report on Wednesday, December 9th. Raymond James downgraded F5 Networks from an “outperform” rating to a “market perform” rating in a report on Friday, September 25th. OTR Global downgraded F5 Networks to a “positive” rating in a report on Monday, January 11th. Finally, Barclays assumed coverage on F5 Networks in a report on Wednesday, October 14th. They set an “equal weight” rating and a $131.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. F5 Networks presently has an average rating of “Hold” and a consensus target price of $113.20.
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