F5 Networks (NASDAQ:FFIV) will release its earnings data after the market closes on Wednesday, October 24th. Analysts expect F5 Networks to post earnings of $2.12 per share for the quarter. F5 Networks has set its Q4 guidance at $2.61-2.64 EPS.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.05. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The firm had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $540.59 million. During the same period in the prior year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect F5 Networks to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
FFIV opened at $165.73 on Monday. F5 Networks has a one year low of $117.75 and a one year high of $199.71. The company has a market capitalization of $10.08 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77.
In other F5 Networks news, SVP Ryan C. Kearny sold 857 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $171.86, for a total transaction of $147,284.02. Following the transaction, the senior vice president now directly owns 4,714 shares in the company, valued at $810,148.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total value of $1,039,427.37. Following the transaction, the director now owns 5,679 shares in the company, valued at $1,039,427.37. The disclosure for this sale can be found here. Insiders have sold 17,327 shares of company stock worth $3,026,072 over the last 90 days. 0.26% of the stock is owned by insiders.
A number of research firms recently commented on FFIV. BidaskClub cut F5 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Standpoint Research upgraded F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Piper Jaffray Companies cut F5 Networks from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $168.00 to $180.00 in a report on Monday, October 1st. Zacks Investment Research cut F5 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Credit Suisse Group upped their price objective on F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. F5 Networks has an average rating of “Hold” and an average price target of $171.06.
F5 Networks Company Profile
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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