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Posted June 1, 2015 by FTM Staff Analyst in NEWS
 
 

Citigroup Downgrades F5 Networks

Citigroup analyst Ehud Gelblum, Ph.D. downgraded F5 Networks, Inc. ticker FFIV quoting “limited additional upside as ADC market begins to Mature” however, they did increase the price target to $132 from $122 on stronger overall market and sector comps.

Citigroup values F5 using an 17x P/E on their 2016 EPS of $7.73 deriving a price target of $132.

 

Chart below shows the last two times Citi issue a recommendation and the stocks performance. We have Citi performance ranked 71% compared to its peers. Credit Suisse has had the best performance recommendation on FFIV at 91%.

F5 Networks - Citi

FTM Staff Analyst

 


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