F5 Networks CFO Andrew Reinland Unloads 2,603 Shares (FFIV)
F5 Networks (NASDAQ:FFIV) CFO Andrew Reinland unloaded 2,603 shares of F5 Networks stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $112.38, for a total transaction of $292,525.14. Following the completion of the transaction, the chief financial officer now directly owns 49,097 shares in the company, valued at approximately $5,517,521. The transaction was disclosed in a document filed with the SEC, which is available at this link.
F5 Networks (NASDAQ:FFIV) traded down 0.35% during mid-day trading on Friday, hitting $112.20. 1,126,619 shares of the company’s stock traded hands. F5 Networks has a 1-year low of $78.14 and a 1-year high of $117.77. The stock’s 50-day moving average is $111.2 and its 200-day moving average is $108.5. The company has a market cap of $8.349 billion and a price-to-earnings ratio of 29.62.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.35 by $0.04. The company had revenue of $440.30 million for the quarter, compared to the consensus estimate of $435.00 million. During the same quarter last year, the company posted $1.12 earnings per share. F5 Networks’s revenue was up 18.9% compared to the same quarter last year. Analysts expect that F5 Networks will post $5.35 EPS for the current fiscal year.
FFIV has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of F5 Networks from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $115.90 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $112.00 price target on the stock, up previously from $110.00. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $118.00 price target on the stock, up previously from $110.00. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $120.49.
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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