F5 Networks, Inc. (FFIV) to Release Quarterly Earnings on Wednesday
F5 Networks, Inc. (NASDAQ:FFIV) is scheduled to issue its quarterly earnings data on Wednesday, October 25th. Analysts expect the company to announce earnings of $2.22 per share for the quarter. F5 Networks has set its Q4 guidance at $2.20-2.23 EPS.
F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.03. The firm had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. On average, analysts expect F5 Networks to post $6.27 EPS for the current fiscal year and $6.82 EPS for the next fiscal year.
Shares of F5 Networks, Inc. (FFIV) opened at 116.28 on Wednesday. The company’s 50-day moving average is $117.97 and its 200-day moving average is $125.53. F5 Networks, Inc. has a 52-week low of $114.63 and a 52-week high of $149.50. The firm has a market cap of $7.39 billion, a P/E ratio of 19.31 and a beta of 1.14.
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In related news, COO Edward Julian Eames sold 4,378 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the sale, the chief operating officer now owns 35,088 shares in the company, valued at $4,232,665.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Reinland sold 6,215 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the sale, the chief financial officer now owns 20,601 shares of the company’s stock, valued at approximately $2,477,682.27. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock valued at $2,675,607 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.
FFIV has been the subject of several analyst reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $129.00 target price on shares of F5 Networks in a report on Tuesday, October 10th. BMO Capital Markets restated an “outperform” rating and issued a $124.00 target price (down from $132.00) on shares of F5 Networks in a report on Thursday, July 27th. Finally, Drexel Hamilton restated a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $128.06.
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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