F5 Networks Receives a Hold from BMO Capital

By Carrie Williams

BMO Capital analyst Tim Long reiterated a Hold rating on F5 Networks (NASDAQ: FFIV) yesterday. The company’s shares opened today at $143.43, close to its 52-week high of $144.28.

According to TipRanks.com, Long is a 4-star analyst with an average return of 4.9% and a 57.6% success rate. Long covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Riverbed Technology.

Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $136.40, representing a -4.9% downside.

In a report issued on November 9, Nomura Holdings also upgraded the stock to Hold with a $130 price target.

F5 Networks’ market cap is currently $9.4B and has a P/E ratio of 26.65. The company has a book value ratio of 7.9303.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Alan Higginson, a Director at FFIV sold 3,000 shares for a total of $412,470.

F5 Networks, Inc. engages in development of software-defined application services. The firm includes marketing and sale of application delivery networking products. The company was founded on February 15, 1996 and is headquartered in Seattle, WA.