Wall Street analysts expect F5 Networks, Inc. (NASDAQ: FFIV) to post earnings per share (EPS) of $ 2.78 for the current quarter, Zacks Investment Research reports. Five analysts have estimated F5 Networks earnings. The lowest EPS estimate is $ 2.74 and the highest is $ 2.82. F5 Networks reported earnings per share of $ 2.59 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is expected to announce its next quarterly results on Tuesday, January 25.
According to Zacks, analysts expect F5 Networks to report annual earnings of $ 11.72 per share for the current year, with EPS estimates ranging from $ 11.40 to $ 11.90. For the next fiscal year, analysts expect the company to report earnings of $ 13.23 per share, with EPS estimates ranging from $ 12.65 to $ 13.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for F5 networks.
F5 Networks (NASDAQ: FFIV) last released quarterly results on Tuesday, October 26. The network technology company reported earnings per share of $ 3.01 for the quarter, beating the Zacks’ consensus estimate of $ 2.75 by $ 0.26. F5 Networks had a net margin of 12.72% and a return on equity of 20.89%. The company posted revenue of $ 682.00 million in the quarter, compared to a consensus estimate of $ 671.51 million. During the same period of the previous year, the company earned $ 1.73 per share. F5 Networks revenue increased 10.9% year-over-year.
FFIV has been the subject of several recent analyst reports. Zacks Investment Research downgraded the F5 Networks rating from a “buy” rating to a “hold” rating and set a price target of $ 215.00 for the stock. in a report on Tuesday, September 28. Credit Suisse Group increased its price target on F5 Networks from $ 238.00 to $ 278.00 and rated the stock as “outperforming” in a report released on Wednesday, October 27. One equity research analyst rated the stock with a sell rating, two assigned a conservation rating, and nine assigned a buy rating to the stock. Based on data from MarketBeat, F5 Networks has an average rating of “Buy” and a consensus price target of $ 223.47.
The NASDAQ FFIV traded up $ 2.50 on Friday, reaching $ 229.46. The company’s shares had a trading volume of 275,195 shares, compared to its average volume of 553,437. F5 Networks has a twelve-month low of $ 168.47 and a twelve-month high of $ 239.12. The company has a debt to equity ratio of 0.15, a quick ratio of 1.14, and a current ratio of 1.16. The stock has a market cap of $ 14.05 billion, a PE ratio of 42.73, a PEG ratio of 2.30 and a beta of 1.05. The company’s 50-day moving average is $ 217.82 and its two-hundred-day moving average is $ 203.64.
In related news, Executive Vice President Scot Frazier Rogers sold 7,975 shares of the company in a trade that took place on Wednesday, November 3. The stock was sold for an average price of $ 220.53, for a total value of $ 1,758,726.75. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Additionally, Executive Vice President Ana Maria White sold 169 shares of the company in a trade that took place on Monday, October 4. The stock was sold for an average price of $ 199.91, for a total value of $ 33,784.79. Disclosure of this sale can be found here. Insiders sold a total of 40,778 shares of the company valued at $ 8,953,222 during the last quarter. 0.46% of the shares are held by insiders.
Institutional investors have recently changed their positions in the company. Hotchkis & Wiley Capital Management LLC strengthened its position in F5 Networks shares by 0.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,197,441 shares of the network technology company valued at $ 635,587,000 after acquiring an additional 17,344 shares during the period. State Street Corp increased its position in F5 Networks shares by 2.3% in the second quarter. State Street Corp now owns 2,910,522 shares of the network technology company valued at $ 543,278,000 after acquiring an additional 64,773 shares during the period. American Century Companies Inc. increased its position in F5 Networks shares by 9.7% in the third quarter. American Century Companies Inc. now owns 2,008,607 shares of the network technology company valued at $ 399,271,000 after acquiring an additional 177,614 shares during the period. FMR LLC strengthened its position in F5 Networks shares by 3.3% in the second quarter. FMR LLC now owns 1,180,094 shares of the network technology company valued at $ 220,276,000 after acquiring an additional 37,731 shares during the period. Finally, Geode Capital Management LLC strengthened its position in F5 Networks shares by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,116,768 shares of the network technology company valued at $ 221,432,000 after acquiring an additional 29,479 shares during the period. 93.22% of the shares are held by hedge funds and other institutional investors.
F5 Networks Company Profile
F5, Inc engages in the development and provision of software-defined application services. It provides the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.
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