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Fly News Breaks for April 26, 2018
FFIV
Apr 26, 2018 | 07:00 EDT
DA Davidson analyst Mark Kelleher raised his price target on F5 Networks to $181 after its Q2 earnings beat, saying the company has a number of positive catalysts that include a new product cycle, high gross margins, and strong cash flows. As these products mature, Kelleher further expects F5 Networks to see "incremental opportunities" in software. The analyst keeps his Buy rating, noting that F5 Networks is "delivering improved growth with a significantly refreshed product portfolio".
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