F5 (FFIV) Scheduled to Post Earnings on Monday

F5 (NASDAQ:FFIV) will be releasing 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. Investors that wish to register for the company’s 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 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $684.77 million. During the same quarter in the prior year, the firm posted $1.65 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. 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 %

Shares of NASDAQ:FFIV opened at $181.94 on Friday. The firm has a market capitalization of $10.70 billion, a PE ratio of 23.66, a PEG ratio of 2.67 and a beta of 1.11. F5 has a 1-year low of $129.93 and a 1-year high of $199.49. The business’s 50 day moving average is $187.66 and its 200-day moving average is $176.39.

Insider Activity at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other F5 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 completion of the transaction, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 10,201 shares of company stock valued at $1,908,065 in the last three months. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $204.00 price target on shares of F5 in a research note on Friday, February 9th. 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. Piper Sandler lifted 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. KeyCorp upped their price objective on F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group raised their target price on F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, F5 presently has an average rating of “Hold” and an average 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.