F5 Networks (NASDAQ:FFIV) Rating Lowered to Sell at BidaskClub

F5 Networks (NASDAQ:FFIV) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Several other brokerages have also recently issued reports on FFIV. Morgan Stanley upgraded shares of F5 Networks from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Thursday, July 9th. Goldman Sachs Group reissued a “hold” rating and set a $151.00 price objective on shares of F5 Networks in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on F5 Networks from $138.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Nomura boosted their target price on F5 Networks from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Needham & Company LLC raised their price target on F5 Networks from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $159.76.

Shares of FFIV stock opened at $135.90 on Friday. The stock has a fifty day simple moving average of $141.68 and a two-hundred day simple moving average of $130.72. F5 Networks has a 52-week low of $79.78 and a 52-week high of $156.36. The firm has a market capitalization of $8.26 billion, a PE ratio of 25.50, a PEG ratio of 1.75 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.32.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Monday, July 27th. The network technology company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.15. F5 Networks had a net margin of 13.95% and a return on equity of 21.69%. The firm had revenue of $583.25 million for the quarter, compared to analysts’ expectations of $572.00 million. During the same quarter last year, the business posted $2.52 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that F5 Networks will post 6.76 EPS for the current fiscal year.

In related news, EVP Ana Maria White sold 1,034 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $132.16, for a total transaction of $136,653.44. Following the completion of the sale, the executive vice president now owns 11,610 shares of the company’s stock, valued at $1,534,377.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Mika Yamamoto sold 265 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $132.16, for a total transaction of $35,022.40. Following the completion of the sale, the chief marketing officer now owns 755 shares of the company’s stock, valued at $99,780.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,494 shares of company stock valued at $1,279,727. Company insiders own 0.34% of the company’s stock.

A number of large investors have recently made changes to their positions in FFIV. Carroll Financial Associates Inc. raised its holdings in shares of F5 Networks by 526.3% in the first quarter. Carroll Financial Associates Inc. now owns 238 shares of the network technology company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new position in shares of F5 Networks in the 2nd quarter valued at $28,000. Ellevest Inc. raised its stake in F5 Networks by 46.6% in the 1st quarter. Ellevest Inc. now owns 302 shares of the network technology company’s stock worth $32,000 after acquiring an additional 96 shares during the last quarter. Simon Quick Advisors LLC raised its stake in F5 Networks by 1,941.2% in the 1st quarter. Simon Quick Advisors LLC now owns 347 shares of the network technology company’s stock worth $37,000 after acquiring an additional 330 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in F5 Networks by 103.0% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the network technology company’s stock worth $39,000 after acquiring an additional 169 shares during the period. 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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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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