F5 higher on D.A. Davidson coverage launch

|About: F5 Networks, Inc. (FFIV)|By:, SA News Editor

F5's (FFIV +1.7%) proprietary TMOS operating system acts as a major competitive advantage, argues D.A. Davidson's Mark Kelleher, who has started coverage with a Buy and $145 PT.

Aside from differentiating and creating an ecosystem for F5's bread-and-butter application delivery controllers (ADCs), TMOS has underpinned F5's expansion into adjacent security hardware markets.

Kelleher expects F5's security offerings (firewalls, malware protection, policy enforcement, etc.) to continue fueling its top-line growth, and its various partnerships to help it maintain a competitive edge.

FQ3 results arrive on July 23.