Evercore analyst Amit Daryanani maintains $F5 Inc (FFIV.US)$ with a hold rating, and adjusts the target price from $210 to $240.
According to TipRanks data, the analyst has a success rate of 60.3% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $F5 Inc (FFIV.US)$'s main analysts recently are as follows:
The significant highlight for F5 Networks in the recent quarter was the robust growth of its software sector, which rose by 19% year-over-year, notably surpassing expectations of 6.4%. Despite the stock's impressive 46% climb over the past year, concerns regarding the anticipated growth rate and the revenue growth's sustainability render the stock unappealing from an investment perspective.
The steadfast growth in software is anticipated to contribute to a revaluation of F5 Networks' shares as the company continues its transition towards a software-centric business model.
F5 Networks' Q4 results exceeded expectations, particularly in the software sector, and projections were improved due to a marginally more favorable enterprise spending scenario, market share gains, and impending price hikes. Nevertheless, given the stock's approximately 20% increase in the past three months, a stronger conviction in the software narrative is necessary to enhance its multiple.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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