F5 Networks (NASDAQ:FFIV) should head towards $111.13 per share according to 16 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $95 per share. The higher price estimate target is at $143 according to the Analysts.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Pacific Crest downgrades its outlook on F5 Networks (NASDAQ:FFIV). The current rating of the shares is Sector Weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on May 17, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Financial Officer) of F5 Networks Inc, Reinland Andrew had sold 4,352 shares worth of $522,719 in a transaction dated June 7, 2016. In this transaction, 4,352 shares were sold at $120.11 per share.
F5 Networks (NASDAQ:FFIV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.93 points or 0.78% at $118.48 with 820,038 shares getting traded. Post opening the session at $118.91, the shares hit an intraday low of $118.14 and an intraday high of $120.43 and the price was in this range throughout the day. The company has a market cap of $7,936 million and the number of outstanding shares have been calculated to be 66,981,285 shares. The 52-week high of F5 Networks (NASDAQ:FFIV) is $135.2 and the 52-week low is $86.026.
F5 Networks, Inc. is the developer and provider of application delivery services. The Companys core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time. It works with many technology companies to improve manageability, strengthen security, and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.