Barclays analyst Tim Long raised the firm’s price target on F5 Networks (FFIV) to $321 from $274 and keeps an Equal Weight rating on the shares. The company’s June quarter results beat estimates with gross margin coming in within the guidance, mostly driven by systems, the analyst tells investors in a research note.
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Read More on FFIV:
- F5 Networks: Strong Performance, Strategic Positioning, and Promising Future Prospects Drive Buy Rating
- F5, Inc. Reports Strong Q3 Revenue Growth
- F5 Networks Chair Alan Higginson to Retire
- F5 Networks reports Q3 adjusted EPS $4.16, consensus $3.50
- F5 Networks sees Q4 adjusted EPS $3.87-$3.99, consensus $3.84
