F5 (NASDAQ:FFIV) Releases Q1 Earnings Guidance

F5 (NASDAQ:FFIV) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $3.29-$3.41 for the period, compared to the consensus EPS estimate of $3.35. The company issued revenue guidance of $705-$725 million, compared to the consensus revenue estimate of $705.94 million. F5 also updated its FY25 guidance to $14.04-$14.31 EPS.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Needham & Company LLC boosted their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Barclays boosted their price target on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Evercore ISI boosted their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $210.13.

F5 Price Performance

Shares of FFIV stock traded up $1.49 on Monday, hitting $218.36. The company’s stock had a trading volume of 1,338,275 shares, compared to its average volume of 519,693. F5 has a fifty-two week low of $148.10 and a fifty-two week high of $224.47. The firm’s fifty day moving average price is $211.29 and its 200-day moving average price is $188.41. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.54 and a beta of 1.06.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. The firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. Analysts predict that F5 will post 10.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the transaction, the chief executive officer now owns 121,122 shares of the company’s stock, valued at $26,436,087.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.71, for a total transaction of $163,996.21. Following the transaction, the executive vice president now owns 16,000 shares in the company, valued at approximately $3,083,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now owns 121,122 shares in the company, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,971 shares of company stock valued at $1,618,357 in the last quarter. Insiders own 0.58% of the company’s stock.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.