F5 Networks, Inc. (NASDAQ:FFIV) - Research analysts at Jefferies Group dropped their Q4 2017 earnings per share estimates for shares of F5 Networks in a report issued on Wednesday. Jefferies Group analyst G. Notter now forecasts that the network technology company will earn $1.71 per share for the quarter, down from their previous estimate of $1.73. Jefferies Group currently has a “Hold” rating and a $130.00 target price on the stock.
A number of other brokerages have also recently weighed in on FFIV. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. BMO Capital Markets restated an “outperform” rating and issued a $124.00 price objective (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Drexel Hamilton restated a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research note on Friday, July 21st. Credit Suisse Group set a $138.00 price objective on shares of F5 Networks and gave the stock a “hold” rating in a research note on Thursday, April 20th. Finally, Morgan Stanley reduced their price objective on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. F5 Networks currently has a consensus rating of “Hold” and an average target price of $132.00.
COPYRIGHT VIOLATION WARNING: “F5 Networks, Inc. (NASDAQ:FFIV) to Post Q4 2017 Earnings of $1.71 Per Share, Jefferies Group Forecasts” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2017/08/19/f5-networks-inc-nasdaqffiv-to-post-q4-2017-earnings-of-1-71-per-share-jefferies-group-forecasts-updated-updated.html.
F5 Networks (NASDAQ:FFIV) traded down 0.54% during midday trading on Monday, reaching $120.10. 337,375 shares of the company were exchanged. The firm has a market cap of $7.63 billion, a P/E ratio of 19.95 and a beta of 1.17. F5 Networks has a one year low of $114.45 and a one year high of $149.50. The firm’s 50-day moving average is $127.54 and its 200-day moving average is $134.84.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.03. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.81 EPS.
In other F5 Networks news, Director John Mcadam sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total value of $1,301,700.00. Following the sale, the director now owns 66,953 shares of the company’s stock, valued at approximately $8,715,272.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.
A number of large investors have recently made changes to their positions in FFIV. First Bank & Trust raised its stake in shares of F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of F5 Networks by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock valued at $295,000 after buying an additional 9 shares during the period. Winslow Evans & Crocker Inc. raised its stake in shares of F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock valued at $345,000 after buying an additional 14 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock valued at $235,000 after buying an additional 14 shares during the period. Finally, Concert Wealth Management Inc. raised its stake in shares of F5 Networks by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 1,867 shares of the network technology company’s stock valued at $267,000 after buying an additional 15 shares during the period. 94.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
