Will These Analyst Upgrades Help F5 Networks (FFIV) Stock Today?

NEW YORK (TheStreet) -- F5 Networks  (FFIV) received a pair of price target increases on Thursday after the tech company's strong third-quarter results.

Jefferies increased its price target to $108.50 from $101 and set a "hold" rating. The firm said the company's June quarter numbers showed continued strong execution of product growth sales.

Cantor Fitzgerald increased its price target to $134, increased its estimates through 2015 and set a "buy" rating. The firm said the company is seeing higher growth across the board.

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The stock was up 4.32% to $115.60 at 9:37 a.m.

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Separately, TheStreet Ratings team rates F5 NETWORKS INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate F5 NETWORKS INC (FFIV) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

You can view the full analysis from the report here: FFIV Ratings Report

FFIV Chart FFIV data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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