F5 Networks, Inc. (NASDAQ:FFIV) released its quarterly earnings results on Wednesday. The network technology company reported $2.03 EPS for the quarter, meeting the consensus estimate of $2.03, RTT News reports. The business had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 earnings per share. F5 Networks updated its Q4 guidance to $2.20-2.23 EPS.

Shares of F5 Networks (NASDAQ FFIV) traded up 0.14% during trading on Wednesday, hitting $128.20. 1,272,267 shares of the stock were exchanged. The stock’s 50 day moving average is $128.38 and its 200-day moving average is $135.58. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 21.88 and a beta of 1.17. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50.

Several analysts have recently commented on FFIV shares. Oppenheimer Holdings, Inc. set a $157.00 price target on shares of F5 Networks and gave the company a “buy” rating in a research report on Saturday, April 8th. Drexel Hamilton reiterated a “buy” rating and issued a $165.00 price target on shares of F5 Networks in a research report on Monday, April 24th. Morgan Stanley lowered their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on shares of F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, March 30th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $137.33.

In related news, CFO Andrew Reinland sold 6,235 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $127.40, for a total transaction of $794,339.00. Following the completion of the sale, the chief financial officer now directly owns 18,602 shares of the company’s stock, valued at approximately $2,369,894.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mcadam sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the sale, the director now directly owns 66,953 shares of the company’s stock, valued at $8,715,272.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,146 shares of company stock valued at $3,234,190. 0.26% of the stock is owned by insiders.

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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.

Earnings History for F5 Networks (NASDAQ:FFIV)

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