Wall Street analysts expect F5 Networks, Inc. (NASDAQ:FFIV) to report earnings of $2.57 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for F5 Networks’ earnings, with the highest EPS estimate coming in at $2.60 and the lowest estimate coming in at $2.55. F5 Networks posted earnings of $2.44 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that F5 Networks will report full-year earnings of $10.64 per share for the current financial year, with EPS estimates ranging from $10.55 to $10.69. For the next year, analysts anticipate that the company will post earnings of $11.06 per share, with EPS estimates ranging from $10.66 to $11.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for F5 Networks.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. The company had revenue of $544.90 million for the quarter, compared to the consensus estimate of $547.03 million. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 earnings per share.
FFIV has been the topic of a number of research reports. Piper Jaffray Companies reissued an “underweight” rating and issued a $157.00 price objective on shares of F5 Networks in a report on Thursday, January 24th. Nomura dropped their price objective on shares of F5 Networks to $155.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. MKM Partners dropped their price objective on shares of F5 Networks to $175.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday, January 29th. Finally, BidaskClub downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $173.99.
Shares of FFIV traded down $2.39 on Tuesday, reaching $140.22. The company’s stock had a trading volume of 689,650 shares, compared to its average volume of 581,542. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.81 and a beta of 0.91. F5 Networks has a 12-month low of $139.85 and a 12-month high of $199.71.
In other F5 Networks news, EVP Thomas Dean Fountain sold 545 shares of F5 Networks stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $170.68, for a total transaction of $93,020.60. Following the transaction, the executive vice president now owns 1,308 shares of the company’s stock, valued at $223,249.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 4,001 shares of F5 Networks stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total transaction of $606,471.58. Following the transaction, the chief executive officer now directly owns 32,041 shares in the company, valued at approximately $4,856,774.78. The disclosure for this sale can be found here. Insiders have sold 11,154 shares of company stock worth $1,721,833 in the last ninety days. Insiders own 0.22% of the company’s stock.
A number of large investors have recently modified their holdings of FFIV. Vanguard Group Inc raised its position in shares of F5 Networks by 2.5% during the third quarter. Vanguard Group Inc now owns 6,537,476 shares of the network technology company’s stock valued at $1,303,703,000 after buying an additional 158,995 shares during the last quarter. BlackRock Inc. raised its position in shares of F5 Networks by 1.4% during the first quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock valued at $855,052,000 after buying an additional 74,802 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of F5 Networks by 5.5% during the first quarter. Renaissance Technologies LLC now owns 2,609,774 shares of the network technology company’s stock valued at $409,552,000 after buying an additional 135,300 shares during the last quarter. Bank of Montreal Can raised its position in shares of F5 Networks by 6.7% during the first quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock valued at $229,293,000 after buying an additional 92,149 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its position in shares of F5 Networks by 6.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,311,316 shares of the network technology company’s stock valued at $205,784,000 after buying an additional 75,676 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
About F5 Networks
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.
Further Reading: How do taxes affect a CDs total return?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.