F5 (FFIV) to Release Quarterly Earnings on Monday

F5 (NASDAQ:FFIV) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect F5 to post earnings of $2.88 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $684.77 million. During the same quarter last year, the firm posted $1.65 EPS. F5’s revenue was down 1.0% compared to the same quarter last year. On average, analysts expect F5 to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

F5 Trading Up 0.0 %

NASDAQ FFIV opened at $181.94 on Friday. The company has a fifty day simple moving average of $187.66 and a 200 day simple moving average of $176.26. F5 has a 12-month low of $129.93 and a 12-month high of $199.49. The company has a market cap of $10.70 billion, a P/E ratio of 23.66, a PEG ratio of 2.68 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the sale, the executive vice president now directly owns 15,008 shares in the company, valued at approximately $2,747,364.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,400 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the sale, the chief executive officer now owns 123,251 shares in the company, valued at $23,173,653.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,201 shares of company stock valued at $1,908,065. 0.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of F5 in a research report on Tuesday, February 13th. KeyCorp lifted their price objective on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $204.00 price objective on shares of F5 in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price objective on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $192.22.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.