Brokerages Expect F5 Networks, Inc. (NASDAQ:FFIV) Will Announce Earnings of $2.46 Per Share

Brokerages expect F5 Networks, Inc. (NASDAQ:FFIV) to report earnings per share of $2.46 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for F5 Networks’ earnings, with the lowest EPS estimate coming in at $2.39 and the highest estimate coming in at $2.67. F5 Networks reported earnings per share of $2.70 during the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The company is expected to issue its next earnings results on Wednesday, January 22nd.

According to Zacks, analysts expect that F5 Networks will report full year earnings of $10.32 per share for the current fiscal year, with EPS estimates ranging from $10.02 to $10.77. For the next financial year, analysts forecast that the business will post earnings of $10.92 per share, with EPS estimates ranging from $10.17 to $11.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow F5 Networks.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.04. The company had revenue of $590.40 million for the quarter, compared to the consensus estimate of $582.51 million. F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. F5 Networks’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.90 earnings per share.

A number of research analysts have weighed in on the stock. Morgan Stanley upgraded shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective on the stock in a research report on Thursday, August 8th. Barclays reiterated an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of F5 Networks in a research report on Thursday. Evercore ISI assumed coverage on shares of F5 Networks in a research report on Wednesday, September 11th. They set an “inline” rating and a $140.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research report on Monday. Finally, Craig Hallum assumed coverage on shares of F5 Networks in a research report on Tuesday, September 10th. They set a “buy” rating and a $168.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $163.62.

In other news, Director Alan Higginson sold 1,688 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $132.90, for a total value of $224,335.20. Following the transaction, the director now directly owns 9,840 shares in the company, valued at $1,307,736. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 250 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $135.73, for a total transaction of $33,932.50. Following the completion of the transaction, the chief executive officer now owns 31,274 shares in the company, valued at $4,244,820.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,783 shares of company stock worth $2,219,345. Company insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FFIV. Guinness Asset Management Ltd grew its holdings in shares of F5 Networks by 66.7% in the second quarter. Guinness Asset Management Ltd now owns 170 shares of the network technology company’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. North Star Investment Management Corp. bought a new position in F5 Networks during the 3rd quarter worth about $29,000. Steward Partners Investment Advisory LLC bought a new position in F5 Networks during the 2nd quarter worth about $37,000. CSat Investment Advisory L.P. grew its holdings in F5 Networks by 88.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the network technology company’s stock worth $53,000 after acquiring an additional 171 shares in the last quarter. Finally, JBF Capital Inc. bought a new position in F5 Networks during the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

F5 Networks stock traded up $7.62 during mid-day trading on Monday, reaching $145.94. 2,166,700 shares of the company’s stock traded hands, compared to its average volume of 675,061. F5 Networks has a 12-month low of $121.36 and a 12-month high of $190.08. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.93 and a beta of 1.06. The stock has a 50 day moving average of $136.67 and a two-hundred day moving average of $142.31.

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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