$2.26 EPS Expected for F5 Networks, Inc. (FFIV) This Quarter

Wall Street analysts expect that F5 Networks, Inc. (NASDAQ:FFIV) will report $2.26 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for F5 Networks’ earnings. The highest EPS estimate is $2.31 and the lowest is $2.20. F5 Networks reported earnings per share of $1.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.

On average, analysts expect that F5 Networks will report full year earnings of $9.36 per share for the current fiscal year, with EPS estimates ranging from $8.69 to $9.69. For the next year, analysts forecast that the firm will report earnings of $10.21 per share, with EPS estimates ranging from $9.45 to $10.61. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for F5 Networks.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. During the same quarter in the prior year, the company earned $1.98 EPS. F5 Networks’s revenue was up 1.4% on a year-over-year basis.

A number of equities research analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on F5 Networks in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $145.00 target price on the stock. BidaskClub raised F5 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Bank of America upped their target price on F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a report on Thursday, January 25th. Finally, Cowen restated a “buy” rating and set a $162.00 price objective on shares of F5 Networks in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $140.30.

In other F5 Networks news, EVP John D. Dilullo sold 3,801 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $142.69, for a total value of $542,364.69. Following the completion of the transaction, the executive vice president now directly owns 7,522 shares of the company’s stock, valued at approximately $1,073,314.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 2,738 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $144.83, for a total transaction of $396,544.54. Following the completion of the transaction, the executive vice president now directly owns 9,072 shares of the company’s stock, valued at $1,313,897.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,209 shares of company stock valued at $1,756,139. 0.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in F5 Networks by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after buying an additional 317,414 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of F5 Networks by 37.9% during the fourth quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock worth $168,215,000 after purchasing an additional 422,994 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of F5 Networks by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock worth $170,107,000 after purchasing an additional 26,260 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of F5 Networks by 24.4% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock worth $168,991,000 after purchasing an additional 274,997 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of F5 Networks by 26.0% during the third quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock worth $152,223,000 after purchasing an additional 260,316 shares during the last quarter. 96.59% of the stock is owned by institutional investors.

F5 Networks (NASDAQ FFIV) traded down $0.36 during mid-day trading on Monday, reaching $145.03. The company had a trading volume of 457,900 shares, compared to its average volume of 875,579. F5 Networks has a 12-month low of $114.63 and a 12-month high of $149.50. The stock has a market cap of $8,969.30, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.21 and a beta of 1.08.

F5 Networks declared that its board has authorized a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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About F5 Networks

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.

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