F5 Networks (FFIV) Issues Q3 Earnings Guidance

F5 Networks (NASDAQ:FFIV) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $2.36-$2.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.37. The company issued revenue guidance of $535-$545 million, compared to the consensus revenue estimate of $537.96 million.

Shares of F5 Networks stock traded down $0.07 during trading on Wednesday, reaching $157.07. 882,397 shares of the stock traded hands, compared to its average volume of 778,324. The firm has a market cap of $9,754.11, a price-to-earnings ratio of 24.31, a PEG ratio of 2.37 and a beta of 1.06. F5 Networks has a 52-week low of $114.63 and a 52-week high of $161.58.

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F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.21. The firm had revenue of $523.20 million during the quarter, compared to analyst estimates of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. sell-side analysts forecast that F5 Networks will post 7.32 earnings per share for the current fiscal year.



FFIV has been the subject of a number of research analyst reports. Oppenheimer restated a hold rating on shares of F5 Networks in a research report on Thursday, January 25th. MKM Partners raised their price objective on F5 Networks from $133.00 to $156.00 and gave the company a neutral rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded F5 Networks from a hold rating to a buy rating and set a $164.00 price objective for the company in a research report on Tuesday, March 13th. BidaskClub upgraded F5 Networks from a hold rating to a buy rating in a research report on Saturday, February 3rd. Finally, ValuEngine lowered F5 Networks from a buy rating to a hold rating in a research report on Saturday, March 10th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $142.26.

In other F5 Networks news, CEO Francois Locoh-Donou sold 1,675 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $142.85, for a total value of $239,273.75. Following the completion of the sale, the chief executive officer now owns 3,984 shares of the company’s stock, valued at $569,114.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Reinland sold 1,995 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $288,935.85. Following the completion of the sale, the chief financial officer now directly owns 18,930 shares of the company’s stock, valued at approximately $2,741,631.90. The disclosure for this sale can be found here. In the last three months, insiders sold 50,172 shares of company stock valued at $7,274,542. 0.30% of the stock is owned by insiders.

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About F5 Networks

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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