Credit Suisse Downgrades F5 Networks to Neutral

Brokerage firm Credit Suisse Downgrades its rating on F5 Networks(NASDAQ:FFIV). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Credit Suisse was issued on Jul 21, 2016.

In a different note, On May 17, 2016, Pacific Crest said it Downgrades its rating on F5 Networks. The shares have been rated ‘Sector Weight’ by the firm.

F5 Networks (FFIV) made into the market gainers list on Wednesdays trading session with the shares advancing 0.72% or 0.87 points. Due to strong positive momentum, the stock ended at $121.47, which is also near the day’s high of $122.24. The stock began the session at $121.75 and the volume stood at 13,86,561 shares. The 52-week high of the shares is $135.2 and the 52 week low is $86.026. The company has a current market capitalization of $8,136 M and it has 6,69,81,285 shares in outstanding.

F5 Networks(FFIV) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $483.68M. Analysts had an estimated revenue of $485.93M. Earnings per share were $1.68. Analysts had estimated an EPS of $1.63.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Andrew Reinland (EVP, Chief Financial Officer) sold 4,352 shares at $120.11 per share price.Also, On May 12, 2016, John Mcadam (President and CEO) sold 7,169 shares at $102.34 per share price.On May 3, 2016, Scot Frazier Rogers (EVP and General Counsel) sold 1,597 shares at $103.64 per share price, according to the Form-4 filing with the securities and exchange commission.

F5 Networks Inc. is the developer and provider of application delivery services. The Company’s 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 one’s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate one’s application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.

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