Q3 2024 EPS Estimates for F5, Inc. (NASDAQ:FFIV) Lowered by Analyst

F5, Inc. (NASDAQ:FFIV) – Equities research analysts at William Blair decreased their Q3 2024 earnings per share (EPS) estimates for F5 in a research report issued to clients and investors on Tuesday, April 30th. William Blair analyst J. Ader now forecasts that the network technology company will post earnings per share of $2.21 for the quarter, down from their previous forecast of $2.37. The consensus estimate for F5’s current full-year earnings is $9.62 per share. William Blair also issued estimates for F5’s Q1 2025 earnings at $2.58 EPS, Q2 2025 earnings at $2.40 EPS, Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.87 EPS and FY2025 earnings at $10.47 EPS.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter last year, the firm earned $1.70 EPS. F5’s quarterly revenue was down 3.1% on a year-over-year basis.

A number of other research firms also recently commented on FFIV. Evercore ISI reduced their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. Barclays cut their price objective on F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 30th. The Goldman Sachs Group lifted their price objective on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. raised their price target on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada dropped their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $185.10.

F5 Trading Down 0.1 %

FFIV stock opened at $165.94 on Friday. The firm has a 50 day simple moving average of $186.23 and a 200-day simple moving average of $176.76. The company has a market capitalization of $9.76 billion, a P/E ratio of 19.87, a PEG ratio of 2.21 and a beta of 1.14. F5 has a twelve month low of $130.34 and a twelve month high of $199.49.

Hedge Funds Weigh In On F5

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC acquired a new position in F5 in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of F5 during the 4th quarter worth about $34,000. Register Financial Advisors LLC acquired a new stake in shares of F5 during the 1st quarter valued at about $38,000. Washington Trust Advisors Inc. acquired a new position in F5 in the fourth quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC grew its position in F5 by 56.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of the 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 completion of the sale, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the transaction, the chief financial officer now directly owns 31,290 shares in the company, valued at approximately $5,594,964.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 11,052 shares of company stock valued at $2,050,633 over the last ninety days. 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.