F5 (FFIV) to Release Quarterly Earnings on Monday

F5 (NASDAQ:FFIV) will issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $3.45 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 released its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.39. The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. 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 1.5 %

F5 stock opened at $216.87 on Friday. The stock has a market cap of $12.64 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. The company has a fifty day simple moving average of $211.29 and a 200-day simple moving average of $188.43. F5 has a 12-month low of $146.02 and a 12-month high of $224.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Barclays lifted their price target on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on shares of F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Needham & Company LLC lifted 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, July 30th. Finally, Royal Bank of Canada lifted their price target on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $210.13.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the sale, the chief executive officer now owns 124,022 shares of the company’s stock, valued at $23,359,543.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Francis J. Pelzer sold 600 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $217.67, for a total value of $130,602.00. Following the completion of the sale, the chief financial officer now owns 29,825 shares of the company’s stock, valued at $6,492,007.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the completion of the sale, the chief executive officer now directly owns 124,022 shares of the company’s stock, valued at $23,359,543.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,971 shares of company stock valued at $1,618,357. Corporate 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.