F5 Networks (FFIV) Scheduled to Post Quarterly Earnings on Wednesday
F5 Networks (NASDAQ:FFIV) is scheduled to announce its Q314 earnings results on Wednesday, July 23rd. Analysts expect the company to announce earnings of $1.35 per share and revenue of $435.00 million for the quarter. F5 Networks has set its Q3 guidance at $1.33-1.36 EPS.Parties interested in registering for the company’s conference call can do so using this link.
F5 Networks (NASDAQ:FFIV) last released its earnings data on Wednesday, April 23rd. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $414.26 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts expect F5 Networks to post $5.29 EPS for the current fiscal year and $6.15 EPS for the next fiscal year.
F5 Networks (NASDAQ:FFIV) opened at 109.20 on Tuesday. F5 Networks has a 52 week low of $78.14 and a 52 week high of $116.71. The stock’s 50-day moving average is $110.7 and its 200-day moving average is $107.1. The company has a market cap of $8.269 billion and a price-to-earnings ratio of 30.52.
A number of analysts have recently weighed in on FFIV shares. Analysts at Northland Securities cut their price target on shares of F5 Networks from $117.00 to $110.00 in a research note on Friday. They now have a “market perform” rating on the stock. On a related note, analysts at Wunderlich raised their price target on shares of F5 Networks from $105.00 to $110.00 in a research note on Tuesday, July 15th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of F5 Networks in a research note on Wednesday, July 9th. They set a “buy” rating and a $145.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $119.59.
F5 Networks, Inc, is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (NASDAQ:FFIV).
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