Somewhat Positive Media Coverage Somewhat Unlikely to Impact F5 Networks (NASDAQ:FFIV) Share Price

News headlines about F5 Networks (NASDAQ:FFIV) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. F5 Networks earned a news impact score of 0.05 on Accern’s scale. Accern also gave press coverage about the network technology company an impact score of 47.840551415072 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

F5 Networks (NASDAQ FFIV) opened at $121.22 on Wednesday. The company has a market capitalization of $7,564.43, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. F5 Networks has a 52 week low of $114.63 and a 52 week high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The company had revenue of $538.00 million during the quarter, compared to the consensus estimate of $534.71 million. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that F5 Networks will post 6.7 earnings per share for the current fiscal year.

F5 Networks announced that its board has authorized a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

A number of brokerages recently weighed in on FFIV. Deutsche Bank AG reissued a “sell” rating and set a $90.00 target price (down from $100.00) on shares of F5 Networks in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $120.00 target price on shares of F5 Networks in a research note on Thursday, October 26th. Cowen and Company restated a “buy” rating and set a $140.00 price target on shares of F5 Networks in a report on Friday, October 27th. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BMO Capital Markets dropped their price target on shares of F5 Networks from $124.00 to $122.00 and set a “market perform” rating on the stock in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.76.

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In related news, COO Edward Julian Eames sold 15,489 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total value of $1,871,690.76. Following the completion of the sale, the chief operating officer now directly owns 21,587 shares of the company’s stock, valued at approximately $2,608,573.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the sale, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The disclosure for this sale can be found here. Insiders have sold a total of 38,974 shares of company stock valued at $4,698,814 in the last three months. Insiders own 0.26% of the company’s stock.

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.

Insider Buying and Selling by Quarter for F5 Networks (NASDAQ:FFIV)

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