Barclays raised the firm’s price target on F5 Networks (FFIV) to $246 from $214 and keeps an Equal Weight rating on the shares. The company’s September quarter results beat on the top and bottom line on software outperformance, the analyst tells investors in a research note. The firm now models 4.5% sales growth for fiscal 2025 with continued software strength and systems “moving off a bottom.”
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Read More on FFIV:
- Closing Bell Movers: VF Corp. surges after quarterly results
- F5 Networks Reports Strong Growth and Leadership Changes
- F5 Networks sees Q1 adjusted EPS $3.29-$3.41, consensus $3.36
- F5 Networks board authorizes additional $1B for stock buyback
- F5 Networks reports Q4 adjusted EPS $3.67, consensus $3.45