Analysts at Guggenheim downgraded F5 Networks, Inc. (FFIV) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Tuesday.
On valuation measures, F5 Networks Inc. stock it’s trading at a forward P/E multiple of 15.21x, and at a multiple of 22.72x this year’s estimated earnings. The t-12-month revenue at F5 Networks is $1.88 billion. FFIV ‘s ROE for the same period is 26.54%.
Shares of the $7.95 billion market cap company are down 7.23% year-over-year and 11.24% year-to-date.
F5 Networks Inc., currently with a median Wall Street price target of $132.50 and a high target of $160.00, dropped $3.88 to $111.93 in recent trading.
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Atmel Corporation (ATML) was downgraded from ‘Buy’ to ‘Hold’ at Needham following Dialog Semi (DLGNF) $4.6 billion bid.
Shares have traded today between $7.99 and $8.20 with the price of the stock fluctuating between $5.84 to $10.50 over the last 52 weeks.
Atmel Corp. shares are currently changing hands at 100.12x this year’s forecasted earnings, compared to the industry’s 11.61x earnings multiple. Ticker has a t-12 price/sales ratio of 2.55. EPS for the same period registers at $0.08.
Shares of Atmel Corp. have lost $0.18 to $8.01 in mid-day trading on Tuesday, giving it a market cap of roughly $3.35 billion. The stock traded as high as $10.50 in June 22, 2015.
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Goldman Sachs (GS) reported on Tuesday that they have lowered their rating for NetApp, Inc. (NTAP). The firm has downgraded NTAP from ‘Neutral’ to ‘Sell’.
NetApp Inc. recently traded at $29.96, a loss of $1.26 over Monday’s closing price. The name has a current market capitalization of $8.84 billion.
As for passive income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.30%.
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Virgin America Inc. (VA) was downgraded by Raymond James from a ‘Outperform’ rating to a ‘Market Perform’ rating in a research report issued to clients on Tuesday.
VA closed at $36.86 on Monday and is currently trading down $1.18.
In the past 52 weeks, shares of the Burlingame, Calif.-based air travel services provider have traded between a low of $26.50 and a high of $45.43 and are now trading at $35.68.
Shares are down 14.77% since the beginning of the year.
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