$2.43 Earnings Per Share Expected for F5 Networks, Inc. (NASDAQ:FFIV) This Quarter

Equities research analysts expect F5 Networks, Inc. (NASDAQ:FFIV) to announce earnings per share of $2.43 for the current quarter, Zacks reports. Seven analysts have made estimates for F5 Networks’ earnings, with the highest EPS estimate coming in at $2.45 and the lowest estimate coming in at $2.40. F5 Networks reported earnings per share of $2.70 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The business is expected to announce its next earnings results on Wednesday, January 22nd.

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 $10.05 to $10.50. For the next financial year, analysts forecast that the business will report earnings of $11.16 per share, with EPS estimates ranging from $10.31 to $11.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for F5 Networks.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.04. F5 Networks had a net margin of 19.07% and a return on equity of 31.79%. The business had revenue of $590.40 million during the quarter, compared to analysts’ expectations of $582.51 million. During the same quarter last year, the company posted $2.90 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Morgan Stanley upgraded F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 target price for the company in a research note on Thursday, August 8th. BidaskClub downgraded F5 Networks from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th. Piper Jaffray Companies raised F5 Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $161.00 to $166.00 in a report on Monday, September 9th. Bank of America cut F5 Networks from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $185.00 to $140.00 in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a report on Monday, October 21st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $158.46.

Shares of NASDAQ FFIV traded down $5.62 during mid-day trading on Thursday, hitting $137.96. The stock had a trading volume of 1,551,627 shares, compared to its average volume of 668,448. The company has a 50 day moving average of $143.87 and a two-hundred day moving average of $139.66. F5 Networks has a twelve month low of $121.36 and a twelve month high of $173.44. The firm has a market cap of $8.86 billion, a PE ratio of 16.74, a PEG ratio of 2.01 and a beta of 1.04.

In other news, CEO Francois Locoh-Donou sold 2,578 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $141.01, for a total transaction of $363,523.78. Following the sale, the chief executive officer now owns 31,524 shares of the company’s stock, valued at approximately $4,445,199.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Higginson sold 1,688 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $132.90, for a total transaction of $224,335.20. Following the sale, the director now directly owns 9,840 shares in the company, valued at approximately $1,307,736. The disclosure for this sale can be found here. In the last three months, insiders sold 25,067 shares of company stock valued at $3,616,494. Insiders own 0.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Psagot Investment House Ltd. purchased a new position in F5 Networks in the third quarter valued at $25,000. North Star Investment Management Corp. acquired a new stake in shares of F5 Networks during the 3rd quarter valued at about $29,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of F5 Networks during the 2nd quarter valued at about $37,000. CSat Investment Advisory L.P. increased its stake in shares of F5 Networks by 88.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the network technology company’s stock valued at $53,000 after purchasing an additional 171 shares in the last quarter. Finally, JBF Capital Inc. purchased a new position in shares of F5 Networks in the 2nd quarter valued at about $61,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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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