F5 Networks (FFIV) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 120
#F5Networks (FFIV) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 120 from a previous price target of $115 . RBC Capital Mkts advised their investors in a research report released on Jul 21, 2016. Many Wall Street Analysts have commented on F5 Networks. Company shares were Initiated by Wunderlich on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $100 .F5 Networks was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 115 from a previous price target of $110 . On the company’s financial health, F5 Networks reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.79. The company had revenue of $496.52 million for the quarter, compared to analysts expectations of $495.70 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.
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