F5 Networks EVP Thomas David Feringa Unloads 1,580 Shares (FFIV)
F5 Networks (NASDAQ:FFIV) EVP Thomas David Feringa unloaded 1,580 shares of the stock on the open market in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $90.00, for a total transaction of $142,200.00. Following the transaction, the executive vice president now directly owns 1,900 shares of the company’s stock, valued at approximately $171,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
F5 Networks (NASDAQ:FFIV) traded down 2.26% on Thursday, hitting $88.8107. 829,080 shares of the company’s stock traded hands. F5 Networks has a 52 week low of $67.53 and a 52 week high of $107.99. The stock’s 50-day moving average is $84.43 and its 200-day moving average is $84.09. The company has a market cap of $6.892 billion and a price-to-earnings ratio of 25.96.
F5 Networks (NASDAQ:FFIV) last released its earnings data on Wednesday, October 23rd. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $395.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis.
A number of research firms have recently commented on FFIV. Analysts at Citigroup Inc. initiated coverage on shares of F5 Networks in a research note to investors on Tuesday, December 10th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of F5 Networks from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. They now have a $83.90 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of F5 Networks from $92.00 to $94.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $106.05.
F5 Networks, Inc is a provider of Application Delivery Networking (NASDAQ:FFIV) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.
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