Investors Buy Large Volume of Call Options on F5 Networks (FFIV)
Shares of F5 Networks (NASDAQ:FFIV) saw some unusual options trading on Monday. Stock investors acquired 9,858 call options on the stock, American Banking and Market News reports. This is an increase of approximately 178% compared to the average daily volume of 3,552 call options.
In other F5 Networks news, EVP Edward Julian Eames sold 3,127 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $112.39, for a total transaction of $351,443.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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, July 29th. 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 equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. F5 Networks currently has a consensus rating of “Buy” and an average target price of $120.63.
F5 Networks (NASDAQ:FFIV) traded up 2.13% on Monday, hitting $116.76. 1,537,487 shares of the company’s stock traded hands. F5 Networks has a one year low of $78.14 and a one year high of $117.77. The stock has a 50-day moving average of $111.3 and a 200-day moving average of $109.0. The company has a market cap of $8.650 billion and a P/E ratio of 30.08.
F5 Networks (NASDAQ:FFIV) last released its earnings data 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 in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts expect that F5 Networks will post $5.35 EPS for the current fiscal year.
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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