F5 Networks, Inc. (NASDAQ:FFIV) – Analysts at William Blair raised their FY2020 earnings per share estimates for F5 Networks in a report released on Tuesday, July 28th. William Blair analyst J. Ader now expects that the network technology company will post earnings per share of $6.69 for the year, up from their previous estimate of $6.18. William Blair also issued estimates for F5 Networks’ Q4 2020 earnings at $1.67 EPS, Q1 2021 earnings at $1.46 EPS, Q2 2021 earnings at $1.43 EPS, Q3 2021 earnings at $1.55 EPS, Q4 2021 earnings at $1.68 EPS, FY2021 earnings at $6.11 EPS and FY2022 earnings at $6.23 EPS.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Monday, July 27th. The network technology company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.03 by $0.15. F5 Networks had a return on equity of 21.69% and a net margin of 13.95%. The business had revenue of $583.25 million for the quarter, compared to the consensus estimate of $572.00 million. During the same period last year, the business posted $2.52 EPS. The company’s revenue was up 3.5% compared to the same quarter last year.
Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group restated a “hold” rating and set a $151.00 target price on shares of F5 Networks in a research note on Tuesday, July 28th. Wolfe Research began coverage on shares of F5 Networks in a report on Friday, July 24th. They issued an “outperform” rating and a $190.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of F5 Networks from $138.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Needham & Company LLC increased their price target on F5 Networks from $170.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Nomura upped their price objective on F5 Networks from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $159.76.
F5 Networks stock opened at $135.90 on Friday. F5 Networks has a one year low of $79.78 and a one year high of $156.36. The business’s fifty day moving average is $141.68 and its 200 day moving average is $130.72. The stock has a market capitalization of $8.26 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 1.10.
In other F5 Networks news, CMO Mika Yamamoto sold 265 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $132.16, for a total transaction of $35,022.40. Following the sale, the chief marketing officer now directly owns 755 shares of the company’s stock, valued at $99,780.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 250 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $141.51, for a total value of $35,377.50. Following the completion of the transaction, the chief executive officer now owns 56,250 shares in the company, valued at $7,959,937.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,494 shares of company stock valued at $1,279,727. Corporate insiders own 0.34% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FFIV. Altshuler Shaham Ltd bought a new position in F5 Networks in the 1st quarter worth approximately $682,000. Clarius Group LLC purchased a new position in F5 Networks during the second quarter valued at $250,000. Franklin Resources Inc. increased its holdings in F5 Networks by 1,122.1% in the 1st quarter. Franklin Resources Inc. now owns 789,662 shares of the network technology company’s stock valued at $84,209,000 after acquiring an additional 725,047 shares during the last quarter. PGGM Investments purchased a new stake in F5 Networks in the 2nd quarter worth $3,260,000. Finally, APG Asset Management N.V. boosted its holdings in shares of F5 Networks by 46.8% during the 1st quarter. APG Asset Management N.V. now owns 87,524 shares of the network technology company’s stock valued at $9,333,000 after purchasing an additional 27,900 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.
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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