Needham Keeps a Hold Rating on F5 Networks (FFIV)

By Ryan Adsit

In a report released today, Alex Henderson from Needham maintained a Hold rating on F5 Networks (FFIVResearch Report). The company’s shares closed last Monday at $137.69.

According to, Henderson is a 5-star analyst with an average return of 13.9% and a 51.0% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, Lumentum Holdings, and Juniper Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for F5 Networks with a $158.57 average price target.

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Based on F5 Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $85.91 million. In comparison, last year the company had a net profit of $133 million.

Based on the recent corporate insider activity of 95 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.

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F5 Networks, Inc. engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems.