F5 Networks: Getting ‘Its Groove Back'
White commented that back in January, F5 Networks delivered a "soft" December quarter, which resulted in the market reaching for the "panic button."
On the other hand, F5 Networks' June print was "strong" with both revenue and earnings per share topping expectations, while the company also provided a "healthy" fourth quarter outlook. As such, the company's December print could be considered as a "speedbump" that occurred during an "exciting growth cycle" for the company.
Shares remain Buy rated with a price target raised to $150 from a previous $140.
S&P CAPITAL IQ MAINTAINS BUY OPINION ON F5 NETWORKS SHARES
7:35 am ET July 23, 2015 (S&P Capital IQ)
We keep our 12-month target price at $145 applying a forward P/E of 19.9X our FY 16 (Sep.) earnings estimate, below the 5-year historic average of 22.2X and a premium to the peer group that we support on FFIV's above-average revenue growth rate. We raised our FY 15 EPS estimate by $0.15 to $6.55 and keep FY 16's at $7.30. FFIV posts Jun-Q EPS of $1.67, vs. $1.39, $0.07 above the consensus from Capital IQ. With strong demand for its products, we see sales growth of 11% to 12% in both FY 15 and FY 16. We see high growth for software products driving revenues and widening margins.
This is the old FFIV I meant to say, it is trading in the lower 20's in PE and it will soon be in the 30's again at least.You do the math at least $130 ish tomorrow.
I agree 100%, this is , the PE will expand , In my opinion at least 10% rise, watch the upgrades, some one will buy this company soon probably CSCO at least $150. JMHO
If you used that strategy on a long with CMG the other day, it opened down $50 only to be $50 higher now , thats a $100 turn a round, any one still short FFIV should cover now in my opinion, gonna be upgrades tomorrow, FFIV PE is usually much higher in the past and will warrant a high PE starting tomorrow again, my opinion is this will fly tomorrow and could touch $130. Just my opinion.
He was banging the table 6 weeks ago on CSIQ it has lost at least 25% of the value. Now he likes FSLR which I agree with I also like SPWR and they are taking a beating, maybe the MM's don't like him or he does the reverse of what he says. HA
I agree, I did not like the way he was on the site,thinks he is teflon. Site was informative but if you listened you would have lost tons of $$ except in 2013. They all loved SOL and it still has not moved. Pop 2 Molly and Explo were informative, POP2 molly made a fortune on CSIQ but probably got whiplash as of late. I can't believe people still pay for that stuff, the MM'scontrol these stocks I am in JKS TSL FSLR and SPWR for the long haul.Held SCTY for a long time and just sold the rest today and only made a few hundred , I should have sold in the low $60's last month. Made a fortune on SUNE but no longer hold that either and sold all CSIQ and JASO as well'. I could not believe the price of Linn energy when I looked today , they pay some monthly dividend it's like 15%.
About $21 a share
WOW I stand corrected , just was doing research on FSLR and saw like 2 weeks ago DYDO wrote an article on Seeking Alpha on FSLR and sold his CSIQ and bought FSLR, I don't ever remember him ever buying American Solar. I will buy more SPWR and FSLR on Monday I will hold my TSL and JKS, Might sell some of my SCTY.
Anyone still on the site from here, last time I was a member they all loved CSIQ, I doubt that is the case now. Dydo last article was banging the table on CSIQ. I bet they are leaning toward JKS and TSL now. They rarely ever talked about American Solars, always thought SUNE was overrated but it continues to climb in share price. In my opinion I think the stocks to buy for appreciation right now are SPWR and FSLR . I still think TSL is way under priced as well, I still like JKS a little less then TSL but I'm getting sour on CSIQ, I don't like the way it is trading. Good Luck
Brian Kelly ( BK ) said he bought more TSL today and he said its a long term play. Tim Seymour also owns it. At some point we will be rewarded. Tariffs will not stop TSL they will make a lot of $$$ all over the world , especially in China. Good Luck, Have A Nice Weekend..