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 announced its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate of $534.71 million. During the same quarter last year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. 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 (FFIV) opened at $138.76 on Monday. F5 Networks has a 1-year low of $114.63 and a 1-year high of $149.50. The company has a market cap of $8,685.54, a PE ratio of 21.25, a P/E/G ratio of 2.21 and a beta of 1.06.
A number of research analysts recently commented on FFIV shares. Zacks Investment Research raised shares of F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of F5 Networks in a research note on Wednesday, October 11th. Nomura decreased their price objective on shares of F5 Networks from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, October 16th. Robert W. Baird reissued a “hold” rating and issued a $125.00 price objective on shares of F5 Networks in a research note on Wednesday, October 4th. Finally, Cowen reissued a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $132.16.
In related news, CEO Francois Locoh-Donou sold 1,714 shares of F5 Networks stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total transaction of $205,457.18. Following the transaction, the chief executive officer now directly owns 2,119 shares of the company’s stock, valued at $254,004.53. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $121.03, for a total transaction of $271,228.23. Following the transaction, the chief financial officer now directly owns 15,369 shares in the company, valued at $1,860,110.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,712 shares of company stock worth $4,316,345. 0.26% of the stock is currently 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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