F5 (NASDAQ:FFIV) Issues Earnings Results

F5 (NASDAQ:FFIV) issued its quarterly earnings data on Monday. The network technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03, RTT News reports. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same period in the previous year, the company posted $1.70 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

F5 Stock Up 0.1 %

Shares of FFIV stock opened at $182.13 on Tuesday. The business has a 50-day moving average price of $187.66 and a two-hundred day moving average price of $176.72. F5 has a 12-month low of $129.93 and a 12-month high of $199.49. The firm has a market cap of $10.71 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11.

Analyst Ratings Changes

Several brokerages have weighed in on FFIV. Piper Sandler increased their price objective on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their price target on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of F5 in a research report on Tuesday, February 13th. The Goldman Sachs Group lifted their price target on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $204.00 price target on shares of F5 in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $192.22.

Insiders Place Their Bets

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the transaction, the chief financial officer now owns 32,290 shares in the company, valued at $5,886,789.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the transaction, the chief financial officer now owns 32,290 shares in the company, valued at $5,886,789.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 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 completion of the transaction, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. Insiders sold a total of 10,201 shares of company stock valued at $1,908,065 over the last 90 days. Insiders own 0.58% of the company’s stock.

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.