F5 (NASDAQ:FFIV) Releases Q4 2024 Earnings Guidance

F5 (NASDAQ:FFIV) updated its fourth quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 3.380-3.500 for the period, compared to the consensus EPS estimate of 3.330. The company issued revenue guidance of $720.0 million-$740.0 million, compared to the consensus revenue estimate of $717.4 million. F5 also updated its FY 2024 guidance to 13.100-13.100 EPS.

F5 Price Performance

Shares of NASDAQ:FFIV traded up $2.25 during trading on Wednesday, hitting $202.91. 463,088 shares of the company’s stock were exchanged, compared to its average volume of 499,059. The business’s 50-day simple moving average is $171.80 and its 200 day simple moving average is $179.26. F5 has a 52-week low of $145.45 and a 52-week high of $205.92. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.36 and a beta of 1.08.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.30%. The business had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. During the same period last year, the firm posted $2.46 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that F5 will post 9.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on shares of F5 from $220.00 to $235.00 and gave the stock a buy rating in a research note on Tuesday. Evercore ISI boosted their target price on F5 from $180.00 to $210.00 and gave the stock an in-line rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on F5 from $210.00 to $215.00 and gave the company a neutral rating in a report on Tuesday. Royal Bank of Canada upped their price objective on F5 from $182.00 to $205.00 and gave the stock a sector perform rating in a report on Tuesday. Finally, Piper Sandler raised their target price on shares of F5 from $167.00 to $186.00 and gave the company a neutral rating in a report on Tuesday. One 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. According to data from MarketBeat.com, F5 has an average rating of Hold and an average target price of $200.89.

Insider Activity

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the transaction, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the transaction, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pelzer Frank 800 shares of the stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 11,766 shares of company stock worth $1,990,890 over the last three months. Insiders own 0.58% of the company’s stock.

F5 Company Profile

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.