F5 (FFIV) to Release Earnings on Monday

F5 (NASDAQ:FFIV) is set to release its earnings data after the market closes on Monday, July 29th. Analysts expect F5 to post earnings of $2.97 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 EPS. On average, analysts expect F5 to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

F5 Stock Up 2.1 %

Shares of FFIV opened at $177.34 on Friday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 21.24, a PEG ratio of 2.31 and a beta of 1.08. The firm has a fifty day simple moving average of $171.19 and a two-hundred day simple moving average of $179.06. F5 has a twelve month low of $145.45 and a twelve month high of $199.49.

Analyst Ratings Changes

Several research firms have recently commented on FFIV. JPMorgan Chase & Co. raised their target price on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI dropped their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Royal Bank of Canada dropped their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of F5 in a research report on Tuesday, April 30th. Finally, Barclays lowered their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $187.33.

Insider Activity at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now directly owns 15,504 shares in the company, valued at approximately $2,597,385.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now directly owns 15,504 shares in the company, valued at approximately $2,597,385.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction of $88,100.00. Following the sale, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The disclosure for this sale can be found here. Insiders sold a total of 11,766 shares of company stock valued at $1,990,890 in the last three months. Company insiders own 0.58% of the company’s stock.

About F5

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.