Analysts Expect F5 Networks (FFIV) Will Post Earnings of $2.26 Per Share

Analysts expect that F5 Networks (NASDAQ:FFIV) will post earnings of $2.26 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for F5 Networks’ earnings. The lowest EPS estimate is $2.20 and the highest is $2.31. F5 Networks reported earnings of $1.95 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, April 25th.

On average, analysts expect that F5 Networks will report full-year earnings of $9.43 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $9.69. For the next fiscal year, analysts anticipate that the firm will report earnings of $10.20 per share, with EPS estimates ranging from $9.45 to $10.61. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for F5 Networks.

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F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. The business had revenue of $523.20 million during the quarter, compared to analyst estimates of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. F5 Networks’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.98 EPS.

A number of analysts have weighed in on the stock. ValuEngine upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Tuesday, March 13th. William Blair upgraded shares of F5 Networks from a “market perform” rating to an “outperform” rating in a research report on Friday. BidaskClub lowered shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. Finally, Morgan Stanley boosted their target price on shares of F5 Networks from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $140.55.

In other F5 Networks news, Director Alan Higginson sold 2,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $144.51, for a total transaction of $289,020.00. Following the transaction, the director now owns 11,310 shares in the company, valued at $1,634,408.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,675 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $142.85, for a total transaction of $239,273.75. Following the transaction, the chief executive officer now owns 3,984 shares in the company, valued at approximately $569,114.40. The disclosure for this sale can be found here. Insiders sold 50,172 shares of company stock worth $7,274,542 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB increased its position in F5 Networks by 4.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 17,648 shares of the network technology company’s stock valued at $2,316,000 after acquiring an additional 701 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of F5 Networks in the 4th quarter valued at approximately $1,161,000. Lake Street Advisors Group LLC acquired a new position in F5 Networks in the 4th quarter worth approximately $266,000. MetLife Investment Advisors LLC acquired a new position in F5 Networks in the 4th quarter worth approximately $2,541,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in F5 Networks by 42.3% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,070 shares of the network technology company’s stock worth $928,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.

NASDAQ:FFIV traded down $0.14 on Wednesday, reaching $154.92. 537,236 shares of the stock traded hands, compared to its average volume of 777,577. The firm has a market cap of $9,589.60, a P/E ratio of 23.98, a P/E/G ratio of 2.33 and a beta of 1.06. F5 Networks has a 12 month low of $114.63 and a 12 month high of $157.20.

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F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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

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