Analysts expect F5, Inc. (NASDAQ: FFIV – get rating) will announce earnings of $2.24 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for F5’s earnings. The lowest EPS estimate is $2.19 and the highest is $2.28. F5 reported earnings per share of $2.76 during the same quarter last year, suggesting a negative 18.8% year-over-year growth rate. The company is expected to release its next earnings results on Monday, January 1.
According to Zacks, analysts expect F5 to report annual earnings of $9.53 per share for the current fiscal year, with EPS estimates ranging from $9.43 to $9.66. For the next fiscal year, analysts forecast the company to report earnings of $11.30 per share, with EPS estimates ranging from $10.19 to $11.90. Zacks Investment Research EPS calculations are a median average based on a survey of research firms covering F5.
F5 (NASDAQ: FFIV – get rating) last published its quarterly earnings results on Tuesday, April 26. The network technology company reported earnings per share of $2.13 in the quarter, beating the Thomson Reuters consensus estimate of $2.01 by $0.12. F5 had a return on equity of 19.98% and a net margin of 13.19%. The business had revenue of $634.22 million during the quarter, compared to the consensus estimate of $634.20 million. During the same period of the previous year, the company recorded $1.70 EPS. The company’s revenue for the quarter fell 1.7% compared to the same quarter last year.
FFIV has been the subject of several recent analyst reports. William Blair reaffirmed a “market return” rating on F5 shares in a research note on Tuesday, January 25. Barclays lowered its price target on F5 from $232.00 to $216.00 in a research report on Thursday April 28. Morgan Stanley downgraded F5 from an “overweight” rating to an “equal weight” rating and lowered the price target on the company from $280.00 to $250.00 in a research report on Tuesday, April 12. Citigroup lowered its price target on F5 from $215.00 to $210.00 and set a “neutral” rating on the company in a research report on Wednesday, January 26. Finally, StockNews.com upgraded F5 from a “buy” rating to a “strong buy” rating in a research report on Thursday, April 28. Two investment analysts have rated the stock a sell rating, four have assigned a hold rating, twelve have assigned a buy rating, and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, F5 currently has a consensus rating of “Buy” and a consensus price target of $228.15.
In related news, EVP Chad Michael Whalen sold 251 shares of F5 in a transaction that occurred on Wednesday, February 2. The shares were sold at an average price of $207.25, for a total transaction of $52,019.75. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this link. In addition, financial director Francis J. Pelzer sold 500 shares of F5 in a transaction that occurred on Monday, April 18. The shares were sold at an average price of $198.17, for a total value of $99,085.00. Following the transaction, the CFO now owns 16,389 shares of the company, valued at $3,247,808.13. Disclosure of this sale can be found here. In the last quarter, the experts sold 12,901 shares of the company for a value of $2,592,514. Insiders own 0.31% of the company’s shares.
Institutional investors and hedge funds have recently changed their stock holdings. Marshall Wace LLP increased its stake in F5 by 39.5% during the third quarter. Marshall Wace LLP now owns 13,596 shares of the network technology company worth $2,703,000 after buying an additional 3,848 shares last quarter. CIBC Asset Management Inc increased its holding in F5 by 2.1% during the third quarter. CIBC Asset Management Inc now owns 5,422 shares of the network technology company worth $1,078,000 after acquiring an additional 112 shares last quarter. DNB Asset Management AS increased its holdings in F5 by 6.6% during the fourth quarter. DNB Asset Management AS now owns 10,819 shares of the network technology company worth $2,648,000 after purchasing an additional 672 shares during the period. Tealwood Asset Management Inc. purchased a new interest in F5 during the third quarter for approximately $1,399,000. Finally, AustralianSuper Pty Ltd purchased a new position in F5 shares in the third quarter valued at around $9,023,000. Hedge funds and other institutional investors own 91.13% of the company’s shares.
FFIV Actions opened at $172.24 on Tuesday. F5 has a 1-year minimum of $166.02 and a 1-year maximum of $249.00. The firm has a debt-to-equity ratio of 0.14, a current ratio of 0.98, and a quick ratio of 1.16. The company has a market cap of $10.46 billion, a P/E ratio of 30.27, a PEG ratio of 4.36, and a beta of 1.11. The company has a 50-day simple moving average of $200.78 and a 200-day simple moving average of $214.82.
About F5 (get rating)
F5, Inc. provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure and govern applications on any architecture, from on-premises to the public cloud.
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