F5 Networks Receives a Hold from Jefferies

By Ryan Adsit

Jefferies analyst George Notter reiterated a Hold rating on F5 Networks (NASDAQ: FFIV) today and set a price target of $124. The company’s shares opened today at $118.34, close to its 52-week high of $149.50.

According to TipRanks.com, Notter is a 4-star analyst with an average return of 7.8% and a 60.3% success rate. Notter covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

F5 Networks has an analyst consensus of Moderate Buy, with a price target consensus of $129.

F5 Networks’ market cap is currently $7.54B and has a P/E ratio of 19.67. The company has a book value ratio of 6.2584.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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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.