F5 Networks Receives a New Rating from Top Analyst

By Jason Carr

RBC Capital analyst Matthew Hedberg reiterated a Hold rating on F5 Networks (NASDAQ: FFIV) yesterday and set a price target of $132. The company’s shares closed last Friday at $127.16.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 24.5% and a 78.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Automatic Data Processing, and Interactive Intelligence.

F5 Networks has an analyst consensus of Hold, with a price target consensus of $134.09.

F5 Networks’ market cap is currently $8.15B and has a P/E ratio of 21.63. The company has a book value ratio of 6.8819.

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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.