Analysts predict that F5 Networks, Inc. (NASDAQ:FFIV) will post $556.09 million in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for F5 Networks’ earnings, with estimates ranging from $551.70 million to $563.60 million. F5 Networks posted sales of $542.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The business is scheduled to issue its next earnings results on Wednesday, July 24th.
On average, analysts expect that F5 Networks will report full year sales of $2.22 billion for the current financial year, with estimates ranging from $2.16 billion to $2.24 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.29 billion, with estimates ranging from $2.21 billion to $2.37 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for F5 Networks.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. During the same quarter in the prior year, the company earned $2.31 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis.
A number of analysts recently commented on FFIV shares. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, January 29th. Nomura upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and upped their price objective for the company from $155.00 to $180.00 in a research report on Monday, April 1st. BidaskClub upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. William Blair restated a “market perform” rating on shares of F5 Networks in a research report on Tuesday, March 12th. Finally, JPMorgan Chase & Co. cut shares of F5 Networks from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $210.00 to $183.00 in a research report on Tuesday, March 12th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $173.99.
In other news, EVP Thomas Dean Fountain sold 188 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total transaction of $26,998.68. Following the completion of the transaction, the executive vice president now directly owns 1,729 shares in the company, valued at approximately $248,301.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kara Lynn Sprague sold 678 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total transaction of $102,771.24. Following the transaction, the vice president now owns 6,531 shares of the company’s stock, valued at $989,968.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,679 shares of company stock valued at $1,638,837. Company insiders own 0.22% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in F5 Networks by 19.4% in the 1st quarter. Nordea Investment Management AB now owns 428,550 shares of the network technology company’s stock valued at $67,247,000 after purchasing an additional 69,520 shares during the last quarter. Cleararc Capital Inc. acquired a new stake in F5 Networks in the 1st quarter valued at about $224,000. Horizon Investments LLC acquired a new stake in F5 Networks in the 1st quarter valued at about $217,000. FMR LLC lifted its stake in F5 Networks by 5.6% in the 1st quarter. FMR LLC now owns 1,200,441 shares of the network technology company’s stock valued at $188,386,000 after purchasing an additional 63,919 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in F5 Networks in the 1st quarter valued at about $306,000. Institutional investors own 97.15% of the company’s stock.
Shares of FFIV traded up $1.86 during trading hours on Thursday, reaching $141.38. The stock had a trading volume of 620,551 shares, compared to its average volume of 672,170. F5 Networks has a 52 week low of $138.03 and a 52 week high of $199.71. The stock has a market cap of $8.37 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.81 and a beta of 0.91.
About F5 Networks
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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