5.7 C
New York
Thursday, April 25, 2024
HomeMarkets
Markets

Deutsche Bank Raises F5 Networks, Inc. Price Target

By Insider Scoop
0
9
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Related FFIV
FireEye, Inc. (FEYE) in Focus: Stock Adds 8.4% in Session – Tale of the Tape
Tableau Software (DATA) Shows Strength: Stock Rises 8.3% – Tale of the Tape
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

in a note out Thursday, analysts at Deutsche Bank raised their price target of F5 Networks, Inc. (NASDAQ: FFIV) from $1355 to $150, based on "improving demand we note for FFIV's products – and tailwind from CSCO, VMW, and Openstack based Cloud buildouts."

Some of their key takes:

  • Americas and Europe, Middle East and Africa were strong Asia (minus China) seeing improving demand.
  • F5 Networks noted several low-hanging opportunities in replacing enterprise and datacenter legacy firewalls.
  • Opportunity to layer 4/7 capabilities inserting into "leading edge" of big telco.
  • Focus selectively on key high growth areas such as application security, DDOS, service provider NFV, Private and Hybrid Clouds

Shares closed higher by 0.74 percent at $126.12.

Latest Ratings for FFIV

Date Firm Action From To
Sep 2014 Deutsche Bank Maintains Buy
Aug 2014 ISI Group Upgrades Buy Strong Buy
Jul 2014 Jefferies Maintains Hold

View More Analyst Ratings for FFIV
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color News Price Target Analyst Ratings

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,325FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x