Equities analysts expect F5 Networks, Inc. (NASDAQ:FFIV) to post earnings of $2.39 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for F5 Networks’ earnings, with estimates ranging from $2.34 to $2.44. F5 Networks posted earnings of $2.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, April 27th.
According to Zacks, analysts expect that F5 Networks will report full-year earnings of $10.21 per share for the current fiscal year, with EPS estimates ranging from $10.04 to $10.39. For the next year, analysts anticipate that the business will report earnings of $11.72 per share, with EPS estimates ranging from $11.10 to $12.43. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for F5 Networks.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, January 25th. The network technology company reported $2.59 EPS for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.14. The business had revenue of $625.90 million for the quarter, compared to analyst estimates of $624.01 million. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. F5 Networks’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $2.55 earnings per share.
Several brokerages have issued reports on FFIV. Piper Sandler boosted their target price on F5 Networks from $216.00 to $223.00 in a research note on Tuesday, March 2nd. Barclays boosted their target price on F5 Networks from $212.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday, January 14th. Smith Barney Citigroup boosted their target price on F5 Networks from $165.00 to $190.00 in a research note on Friday, January 8th. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating and set a $206.00 target price on the stock. in a research note on Monday, February 1st. Finally, Credit Suisse Group lowered F5 Networks from an “outperform” rating to a “neutral” rating and set a $207.00 target price on the stock. in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $195.78.
In related news, CMO Mika Yamamoto sold 3,284 shares of the business’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $195.00, for a total transaction of $640,380.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,102 shares in the company, valued at $1,189,890. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas Dean Fountain sold 1,978 shares of the business’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $195.03, for a total value of $385,769.34. Following the transaction, the executive vice president now owns 14,957 shares of the company’s stock, valued at $2,917,063.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,794 shares of company stock worth $3,340,367. 0.34% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. JJJ Advisors Inc. grew its position in F5 Networks by 191.7% during the fourth quarter. JJJ Advisors Inc. now owns 210 shares of the network technology company’s stock worth $37,000 after buying an additional 138 shares in the last quarter. Regent Peak Wealth Advisors LLC purchased a new position in F5 Networks during the fourth quarter worth about $50,000. Chiron Capital Management LLC purchased a new position in F5 Networks during the third quarter worth about $37,000. IFP Advisors Inc boosted its holdings in shares of F5 Networks by 47.4% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the network technology company’s stock worth $53,000 after purchasing an additional 99 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of F5 Networks by 261.0% in the 4th quarter. Sowell Financial Services LLC now owns 444 shares of the network technology company’s stock worth $78,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
F5 Networks stock traded down $3.50 during mid-day trading on Wednesday, reaching $206.92. 5,851 shares of the company’s stock were exchanged, compared to its average volume of 745,649. The business’s fifty day simple moving average is $199.45 and its 200 day simple moving average is $173.07. The firm has a market capitalization of $12.76 billion, a PE ratio of 41.38, a P/E/G ratio of 2.33 and a beta of 1.13. F5 Networks has a one year low of $116.79 and a one year high of $216.15. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 0.17.
About F5 Networks
F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
Further Reading: What is the Shanghai Stock Exchange Composite Index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com