$673.83 Million in Sales Expected for F5 Networks, Inc. (NASDAQ:FFIV) This Quarter

Analysts predict that F5 Networks, Inc. (NASDAQ:FFIV) will announce $673.83 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for F5 Networks’ earnings. The highest sales estimate is $679.60 million and the lowest is $671.00 million. F5 Networks posted sales of $614.82 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings report on Monday, October 25th.

According to Zacks, analysts expect that F5 Networks will report full year sales of $2.60 billion for the current fiscal year, with estimates ranging from $2.59 billion to $2.60 billion. For the next financial year, analysts expect that the firm will report sales of $2.78 billion, with estimates ranging from $2.75 billion to $2.81 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover F5 Networks.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Sunday, July 25th. The network technology company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.30. The business had revenue of $651.52 million for the quarter, compared to analyst estimates of $636.94 million. F5 Networks had a return on equity of 19.79% and a net margin of 11.76%. During the same period in the prior year, the company earned $2.18 earnings per share.

A number of brokerages have recently weighed in on FFIV. TheStreet raised F5 Networks from a “c+” rating to a “b” rating in a report on Monday, July 26th. Piper Sandler restated an “overweight” rating and issued a $192.62 target price (down previously from $223.00) on shares of F5 Networks in a research note on Tuesday, July 27th. Colliers Securities restated a “buy” rating and issued a $245.00 target price on shares of F5 Networks in a research note on Tuesday, July 27th. Royal Bank of Canada upped their target price on F5 Networks from $200.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 27th. Finally, The Goldman Sachs Group downgraded F5 Networks from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $191.00 to $165.00 in a research note on Tuesday, June 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $216.11.

Shares of FFIV stock traded down $0.12 during mid-day trading on Tuesday, reaching $202.05. The stock had a trading volume of 303,284 shares, compared to its average volume of 598,259. The business’s fifty day moving average is $200.02 and its 200-day moving average is $195.99. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 1.90 and a beta of 1.05. F5 Networks has a 1-year low of $116.79 and a 1-year high of $216.15.

In other F5 Networks news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $187.12, for a total transaction of $243,256.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $202.28, for a total value of $202,280.00. Following the transaction, the director now directly owns 11,383 shares of the company’s stock, valued at approximately $2,302,553.24. The disclosure for this sale can be found here. Insiders have sold 8,859 shares of company stock valued at $1,786,207 in the last three months. Insiders own 0.46% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of F5 Networks by 7.6% in the first quarter. BlackRock Inc. now owns 5,091,036 shares of the network technology company’s stock valued at $1,062,091,000 after purchasing an additional 357,791 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of F5 Networks by 16.4% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 3,180,097 shares of the network technology company’s stock valued at $593,597,000 after purchasing an additional 447,727 shares during the last quarter. State Street Corp increased its stake in F5 Networks by 2.3% during the second quarter. State Street Corp now owns 2,910,522 shares of the network technology company’s stock worth $543,278,000 after acquiring an additional 64,773 shares during the last quarter. American Century Companies Inc. increased its stake in F5 Networks by 15.6% during the second quarter. American Century Companies Inc. now owns 1,830,993 shares of the network technology company’s stock worth $341,773,000 after acquiring an additional 247,662 shares during the last quarter. Finally, FMR LLC increased its stake in F5 Networks by 3.3% during the second quarter. FMR LLC now owns 1,180,094 shares of the network technology company’s stock worth $220,276,000 after acquiring an additional 37,731 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

F5 Networks Company Profile

F5 Networks, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

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Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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