$2.76 EPS Expected for F5 Networks, Inc. (NASDAQ:FFIV) This Quarter

Brokerages forecast that F5 Networks, Inc. (NASDAQ:FFIV) will report earnings of $2.76 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for F5 Networks’ earnings, with estimates ranging from $2.60 to $2.82. F5 Networks reported earnings of $2.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The company is expected to report its next earnings results on Tuesday, January 25th.

On average, analysts expect that F5 Networks will report full year earnings of $11.72 per share for the current year, with EPS estimates ranging from $11.40 to $11.90. For the next year, analysts expect that the firm will report earnings of $13.23 per share, with EPS estimates ranging from $12.65 to $13.75. Zacks’ EPS calculations are an average based on a survey of analysts that cover F5 Networks.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Tuesday, October 26th. The network technology company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.26. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $671.51 million. F5 Networks had a return on equity of 20.89% and a net margin of 12.72%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS.

A number of research firms recently issued reports on FFIV. Credit Suisse Group raised their price target on F5 Networks from $238.00 to $278.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. Zacks Investment Research downgraded F5 Networks from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Tuesday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $223.47.

NASDAQ:FFIV opened at $232.07 on Friday. The stock’s 50 day moving average price is $212.22 and its 200 day moving average price is $200.22. The company has a market capitalization of $14.21 billion, a PE ratio of 43.22, a P/E/G ratio of 2.34 and a beta of 1.07. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.15. F5 Networks has a 52-week low of $160.85 and a 52-week high of $239.12.

In other news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $202.28, for a total value of $202,280.00. Following the completion of the transaction, the director now directly owns 11,383 shares of the company’s stock, valued at $2,302,553.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $201.69, for a total value of $262,197.00. Following the completion of the transaction, the chief executive officer now directly owns 76,353 shares of the company’s stock, valued at $15,399,636.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,405 shares of company stock valued at $8,841,446. 0.46% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of F5 Networks by 0.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,197,441 shares of the network technology company’s stock worth $635,587,000 after acquiring an additional 17,344 shares during the last quarter. State Street Corp grew its position in shares of F5 Networks by 2.3% in the second quarter. State Street Corp now owns 2,910,522 shares of the network technology company’s stock valued at $543,278,000 after purchasing an additional 64,773 shares during the period. American Century Companies Inc. grew its position in shares of F5 Networks by 9.7% in the third quarter. American Century Companies Inc. now owns 2,008,607 shares of the network technology company’s stock valued at $399,271,000 after purchasing an additional 177,614 shares during the period. FMR LLC grew its position in shares of F5 Networks by 3.3% in the second quarter. FMR LLC now owns 1,180,094 shares of the network technology company’s stock valued at $220,276,000 after purchasing an additional 37,731 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of F5 Networks by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,116,768 shares of the network technology company’s stock valued at $221,432,000 after purchasing an additional 29,479 shares during the period. 93.22% of the stock is owned by institutional investors.

About F5 Networks

F5 Networks, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

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