F5 Networks, Inc. (NASDAQ:FFIV) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.20-2.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.23. The company issued revenue guidance of $530-540 million, compared to the consensus revenue estimate of $551.46 million.

Several equities analysts have weighed in on the company. Deutsche Bank AG cut F5 Networks from a hold rating to a sell rating and dropped their price objective for the company from $120.00 to $100.00 in a research note on Wednesday, March 29th. Needham & Company LLC restated a hold rating on shares of F5 Networks in a research note on Thursday, March 30th. Robert W. Baird restated a hold rating on shares of F5 Networks in a research note on Thursday, April 27th. Royal Bank Of Canada dropped their price objective on F5 Networks from $137.00 to $132.00 and set a sector perform rating on the stock in a research note on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. set a $157.00 price objective on F5 Networks and gave the company a buy rating in a research note on Saturday, April 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $137.33.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded up 0.14% during midday trading on Wednesday, reaching $128.20. The company had a trading volume of 1,314,304 shares. The stock has a market capitalization of $8.29 billion, a PE ratio of 21.88 and a beta of 1.17. F5 Networks, Inc. has a 1-year low of $114.45 and a 1-year high of $149.50. The company’s 50-day moving average is $128.38 and its 200-day moving average is $135.58.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.03. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same quarter in the prior year, the company earned $1.81 earnings per share. F5 Networks’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that F5 Networks, Inc. will post $8.20 EPS for the current year.

In other F5 Networks news, Director John Mcadam sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total value of $1,301,700.00. Following the completion of the sale, the director now owns 66,953 shares in the company, valued at $8,715,272.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John D. Dilullo sold 3,420 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $127.62, for a total value of $436,460.40. Following the completion of the sale, the executive vice president now owns 4,926 shares of the company’s stock, valued at approximately $628,656.12. The disclosure for this sale can be found here. In the last three months, insiders sold 25,146 shares of company stock worth $3,234,190. 0.26% of the stock is owned by corporate insiders.

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About F5 Networks

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.

Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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