F5 Networks, Inc. to Post Q1 2019 Earnings of $1.73 Per Share, DA Davidson Forecasts (FFIV)

F5 Networks, Inc. (NASDAQ:FFIV) – DA Davidson issued their Q1 2019 EPS estimates for F5 Networks in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. DA Davidson analyst M. Kelleher anticipates that the network technology company will earn $1.73 per share for the quarter. DA Davidson also issued estimates for F5 Networks’ Q2 2019 earnings at $1.80 EPS and FY2019 earnings at $7.47 EPS.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (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 analysts’ expectations of $534.71 million. During the same period in the previous year, the company earned $2.11 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year.

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Several other research firms have also recently commented on FFIV. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $129.00 target price on shares of F5 Networks in a research note on Tuesday, October 10th. BMO Capital Markets reiterated an “outperform” rating and set a $124.00 target price (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $160.00 target price on shares of F5 Networks in a research note on Monday, October 23rd. Three equities research 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. The stock has a consensus rating of “Hold” and a consensus price target of $126.76.

Shares of F5 Networks (FFIV) traded up $1.14 during trading on Monday, hitting $120.85. 503,800 shares of the stock were exchanged, compared to its average volume of 789,519. The firm has a market capitalization of $7,493.07, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. F5 Networks has a twelve month low of $114.63 and a twelve month high of $149.50.

Institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its position in F5 Networks by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after purchasing an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in F5 Networks by 23.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after purchasing an additional 161 shares during the period. IFP Advisors Inc lifted its position in F5 Networks by 65.6% during the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 380 shares during the period. Zions Bancorporation lifted its position in F5 Networks by 16,733.3% during the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 1,004 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its position in F5 Networks by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after purchasing an additional 21 shares during the period. Institutional investors own 98.52% of the company’s stock.

In related news, EVP Benjamin Gibson sold 3,262 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction of $382,469.50. Following the transaction, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Reinland sold 2,241 shares of the company’s stock in a transaction dated 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 owns 15,369 shares in the company, valued at $1,860,110.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,974 shares of company stock worth $4,698,814. 0.26% of the stock is owned by corporate insiders.

F5 Networks declared that its board has initiated a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the network technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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

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