Somewhat Favorable Media Coverage Somewhat Unlikely to Affect F5 Networks (NASDAQ:FFIV) Share Price

News stories about F5 Networks (NASDAQ:FFIV) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. F5 Networks earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the network technology company an impact score of 45.8903604281461 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Noteworthy Monday Option Activity: CAT, FFIV, SWK – Nasdaq (nasdaq.com)
ETFs with exposure to F5 Networks, Inc. : July 24, 2017 (finance.yahoo.com)
A Look at Medium Range Signals For F5 Networks Inc (FFIV) – Financial News Review (finnewsreview.com)
Knuckling Down on Shares of F5 Networks, Inc. (NASDAQ:FFIV) and Randgold Resources Limited (NASDAQ:GOLD) – FLBC News (flbcnews.com)
F5 Networks, Inc. (NASDAQ:FFIV) Stock Rating Reaffirmed by Drexel Hamilton (americanbankingnews.com)

FFIV has been the topic of several analyst reports. Barclays PLC restated a “sell” rating and set a $124.00 price objective on shares of F5 Networks in a report on Friday, April 28th. Credit Suisse Group set a $138.00 price objective on F5 Networks and gave the stock a “hold” rating in a report on Thursday, April 20th. Deutsche Bank AG downgraded F5 Networks from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $120.00 to $100.00 in a report on Wednesday, March 29th. Cowen and Company restated an “outperform” rating and set a $145.00 price objective (down from $149.00) on shares of F5 Networks in a report on Friday, April 28th. Finally, Morgan Stanley dropped their price objective on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $137.33.

F5 Networks (FFIV) traded up 0.97% on Tuesday, reaching $128.02. The company had a trading volume of 682,302 shares. F5 Networks has a one year low of $114.45 and a one year high of $149.50. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 21.85 and a beta of 1.17. The company has a 50-day moving average of $128.38 and a 200 day moving average of $135.58.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.06. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The company had revenue of $518.20 million during the quarter, compared to analyst estimates of $523.12 million. During the same period in the previous year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that F5 Networks will post $8.20 EPS for the current year.

In other news, EVP Ryan C. Kearny sold 846 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $127.95, for a total value of $108,245.70. Following the completion of the transaction, the executive vice president now directly owns 1,071 shares of the company’s stock, valued at approximately $137,034.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Reinland sold 6,235 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $127.40, for a total value of $794,339.00. Following the completion of the transaction, the chief financial officer now directly owns 18,602 shares of the company’s stock, valued at $2,369,894.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,146 shares of company stock valued at $3,234,190. 0.26% of the stock is currently owned by insiders.

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F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.