Brokerages predict that F5 Networks, Inc. (NASDAQ:FFIV) will report earnings of $1.59 per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for F5 Networks’ earnings, with estimates ranging from $1.56 to $1.61. F5 Networks reported earnings per share of $1.41 during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, July 26th.

On average, analysts expect that F5 Networks will report full year earnings of $6.35 per share for the current fiscal year, with EPS estimates ranging from $6.27 to $6.46. For the next fiscal year, analysts anticipate that the company will post earnings of $7.24 per share, with EPS estimates ranging from $7.03 to $7.32. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow F5 Networks.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.06. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. The firm had revenue of $518.20 million for the quarter, compared to analysts’ expectations of $523.12 million. During the same period last year, the firm posted $1.68 EPS. F5 Networks’s revenue was up 7.1% on a year-over-year basis.

Several brokerages recently issued reports on FFIV. Jefferies Group LLC reiterated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a report on Friday. Cowen and Company reiterated an “outperform” rating and set a $145.00 price objective on shares of F5 Networks in a report on Monday, June 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $132.00 price objective on shares of F5 Networks in a report on Monday, May 29th. Morgan Stanley cut their price objective on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, April 28th. Finally, Barclays PLC reiterated a “sell” rating and set a $124.00 price objective on shares of F5 Networks in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and an average price target of $136.94.

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In other F5 Networks news, Director John Mcadam sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the completion of the transaction, the director now owns 66,953 shares in the company, valued at $8,715,272.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Edward Julian Eames sold 4,645 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $127.76, for a total transaction of $593,445.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,146 shares of company stock valued at $3,234,190. Corporate insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of F5 Networks during the fourth quarter worth approximately $103,000. Intellectus Partners LLC acquired a new position in shares of F5 Networks during the fourth quarter worth approximately $145,000. American Beacon Advisors Inc. acquired a new position in shares of F5 Networks during the first quarter worth approximately $153,000. Sowell Financial Services LLC acquired a new position in shares of F5 Networks during the fourth quarter worth approximately $154,000. Finally, Van ECK Associates Corp boosted its position in shares of F5 Networks by 7.0% in the fourth quarter. Van ECK Associates Corp now owns 1,088 shares of the network technology company’s stock worth $157,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

F5 Networks (NASDAQ FFIV) traded up 1.17% during midday trading on Monday, reaching $130.70. The company’s stock had a trading volume of 543,078 shares. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.31 and a beta of 1.12. The stock’s 50-day moving average price is $128.78 and its 200-day moving average price is $138.44. F5 Networks has a 12 month low of $107.19 and a 12 month high of $149.50.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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