F5 Networks CEO Sells $1,593,060 in Stock (FFIV)
F5 Networks (NASDAQ:FFIV) CEO John Mcadam sold 14,000 shares of F5 Networks stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $113.79, for a total transaction of $1,593,060.00. Following the completion of the transaction, the chief executive officer now directly owns 97,498 shares of the company’s stock, valued at approximately $11,094,297. 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 research analysts have rated the stock with a hold rating, twenty have given 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 price target of $120.63.
Shares of F5 Networks (NASDAQ:FFIV) traded down 2.66% during mid-day trading on Tuesday, hitting $113.66. The stock had a trading volume of 1,171,099 shares. 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 $111.6 and a 200-day moving average of $109.2. The company has a market cap of $8.420 billion and a price-to-earnings ratio of 30.72. F5 Networks also saw unusually large options trading on Monday. Stock investors bought 9,858 call options on the company. This is an increase of approximately 178% compared to the average daily volume of 3,552 call options.
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 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.
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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