Analysts Expect F5 Networks, Inc. (NASDAQ:FFIV) Will Post Earnings of $2.55 Per Share

Wall Street brokerages expect that F5 Networks, Inc. (NASDAQ:FFIV) will post earnings of $2.55 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for F5 Networks’ earnings. The highest EPS estimate is $2.57 and the lowest is $2.53. F5 Networks reported earnings of $2.90 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.1%. The company is expected to announce its next earnings results on Wednesday, October 23rd.

On average, analysts expect that F5 Networks will report full year earnings of $10.34 per share for the current fiscal year, with EPS estimates ranging from $10.32 to $10.36. For the next year, analysts expect that the company will post earnings of $10.33 per share, with EPS estimates ranging from $10.02 to $10.77. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover F5 Networks.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, July 24th. The network technology company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). The company had revenue of $563.39 million during the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.44 EPS.



A number of analysts recently issued reports on the stock. Barclays assumed coverage on shares of F5 Networks in a research report on Wednesday, August 7th. They set an “overweight” rating and a $160.00 target price for the company. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 target price for the company. in a research report on Monday, July 29th. Morgan Stanley raised shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. Credit Suisse Group increased their target price on shares of F5 Networks from $188.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, BidaskClub downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Saturday. Four research 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 currently has an average rating of “Hold” and a consensus target price of $164.06.

In related news, EVP Stephen Mcmillan sold 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $147.16, for a total transaction of $290,199.52. Following the completion of the sale, the executive vice president now owns 5,455 shares of the company’s stock, valued at $802,757.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,393 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $138.94, for a total transaction of $193,543.42. Following the sale, the executive vice president now directly owns 2,899 shares of the company’s stock, valued at approximately $402,787.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,670 shares of company stock valued at $1,523,493. 0.22% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FFIV. BlackRock Inc. grew its position in F5 Networks by 1.4% in the 1st quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock worth $855,052,000 after purchasing an additional 74,802 shares during the period. Bank of Montreal Can lifted its stake in shares of F5 Networks by 6.7% during the 1st 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 in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of F5 Networks by 6.1% during the 1st 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 in the last quarter. FMR LLC lifted its stake in shares of F5 Networks by 5.6% during the 1st quarter. FMR LLC now owns 1,200,441 shares of the network technology company’s stock valued at $188,386,000 after buying an additional 63,919 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of F5 Networks by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock valued at $177,152,000 after buying an additional 72,027 shares in the last quarter. 97.24% of the stock is owned by institutional investors.

Shares of FFIV stock traded up $1.13 during trading hours on Tuesday, hitting $131.61. 542,839 shares of the company were exchanged, compared to its average volume of 698,120. The business’s fifty day moving average price is $144.17. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.93 and a beta of 1.05. F5 Networks has a 1 year low of $129.16 and a 1 year high of $199.71.

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.

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

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