F5 Networks (FFIV) Scheduled to Post Quarterly Earnings on Wednesday
F5 Networks (NASDAQ:FFIV) will be announcing its earnings results on Wednesday, January 24th. Analysts expect the company to announce earnings of $2.05 per share for the quarter. F5 Networks has set its Q1 guidance at $2.02-$2.05 EPS.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million for the quarter, compared to the consensus estimate of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.11 EPS. On average, analysts expect F5 Networks to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
F5 Networks (NASDAQ FFIV) opened at $140.52 on Wednesday. The firm has a market capitalization of $8,930.00, a price-to-earnings ratio of 21.59, a PEG ratio of 2.19 and a beta of 1.06. F5 Networks has a 12 month low of $114.63 and a 12 month high of $149.50.
A number of research analysts have recently weighed in on FFIV shares. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of F5 Networks in a research note on Wednesday, October 11th. Nomura cut their price target on F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, October 16th. Robert W. Baird reissued a “hold” rating and issued a $125.00 price target on shares of F5 Networks in a research note on Wednesday, October 4th. Finally, Cowen restated a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and a consensus target price of $130.89.
In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the completion of the transaction, the chief operating officer now owns 21,587 shares in the company, valued at approximately $2,608,573.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Benjamin Gibson sold 932 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total value of $111,392.64. Following the transaction, the chief marketing officer now owns 1,651 shares of the company’s stock, valued at approximately $197,327.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,712 shares of company stock valued at $4,316,345. 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.
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