APRIL 30, 2018
SELL F5 NETWORKS AT HIGH VALUATION OF $163.00 (FFIV-US)
F5 Networks, Inc. is a provider of Application Delivery Networking (ADN) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources. The Company’s principal products are application delivery controllers. These products balance traffic and performing compute-intensive functions, such as encrypting and un-encrypting transmissions, screening traffic for security threats, maintaining open connections with servers, speeding the flow of traffic, managing access to applications and data and a range of other functions that improve the security, performance, and availability of applications.
JUSTIFICATION:
The high valuation target was reached at $163.00. We bought FFIV in October 2017 at $116.60 when the stock was weak because telecom companies were believed to be spending less than expected on network upgrades. In just 7 months, we have reached our high valuation target at $163. Note that when we bought in October, the original target was $145, but we raised the target twice due to rising earnings.
