Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com - Needham raised its price target on F5 Networks (NASDAQ:FFIV) to $345.00 from $320.00 on Thursday, while maintaining a Buy rating on the stock. The stock, currently trading near its 52-week high with a market capitalization of $17.17 billion, has delivered an impressive 18.9% return year-to-date. According to InvestingPro analysis, the company maintains a "GREAT" financial health score.
The price target increase follows F5 Networks’ third-quarter fiscal 2025 results, which exceeded consensus expectations. The company reported revenue and earnings per share that beat consensus by 3.5% and $0.32, respectively, while also guiding fourth-quarter results ahead of expectations by 1.6% and $0.09. With an impressive gross profit margin of 80.9% and a P/E ratio of 27.94, F5 Networks demonstrates strong operational efficiency. InvestingPro subscribers can access 6 additional key insights about F5’s financial performance.
F5’s Systems segment, which includes BIG-IP hardware, delivered its highest growth in 14 years at 39% year-over-year. The company also saw strong performance in the Asia-Pacific region, where sales increased 22% compared to the same period last year.
According to Needham, F5 Networks is benefiting from enterprise data center modernization, strong renewals, and technology refresh cycles driven by its own legacy products reaching end-of-life. The firm noted that enterprise migrations to public cloud are evolving into more complex hybrid cloud environments, where F5’s application delivery and security platform capabilities provide advantages.
The new $345 price target represents an enterprise value to earnings multiple of 20 times Needham’s fiscal 2026 estimate for F5 Networks.
In other recent news, F5 Networks Inc . reported its third-quarter 2025 earnings, surpassing analysts’ expectations significantly. The company achieved an earnings per share (EPS) of $4.16, which was an 18.86% surprise above the forecasted $3.50. Revenue also exceeded projections, reaching $780 million compared to the anticipated $752.79 million. These results highlight a strong performance for the quarter. Despite the positive earnings and revenue outcomes, the stock experienced a minor decline during trading. The stock closed at $299.24, with a further slight dip in aftermarket trading. Analysts had not anticipated such robust earnings, marking this as a noteworthy development for F5 Networks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.