Shares of F5 Networks (NASDAQ:FFIV) have been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $154.75.
A number of research firms have weighed in on FFIV. Credit Suisse Group set a $188.00 target price on F5 Networks and gave the stock a “buy” rating in a research report on Monday. DA Davidson downgraded F5 Networks from a “buy” rating to a “neutral” rating and upped their target price for the stock from $172.96 to $181.00 in a research report on Wednesday, May 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. began coverage on F5 Networks in a research report on Thursday, May 3rd. They issued an “overweight” rating for the company. MKM Partners upped their target price on F5 Networks to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. Finally, Barclays upped their target price on F5 Networks from $125.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, April 26th.
In other news, SVP Ryan C. Kearny sold 862 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $162.78, for a total transaction of $140,316.36. Following the completion of the sale, the senior vice president now owns 4,505 shares in the company, valued at approximately $733,323.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mcadam sold 25,000 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $173.09, for a total value of $4,327,250.00. Following the sale, the director now owns 26,477 shares of the company’s stock, valued at approximately $4,582,903.93. The disclosure for this sale can be found here. Insiders have sold a total of 57,664 shares of company stock valued at $9,492,285 in the last quarter. Insiders own 0.26% of the company’s stock.
NASDAQ:FFIV opened at $174.57 on Thursday. The firm has a market cap of $10.63 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.51 and a beta of 1.07. F5 Networks has a fifty-two week low of $114.63 and a fifty-two week high of $176.33.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, April 25th. The network technology company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.04. The firm had revenue of $533.30 million during the quarter, compared to the consensus estimate of $529.95 million. F5 Networks had a return on equity of 37.01% and a net margin of 20.43%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. equities analysts forecast that F5 Networks will post 7.46 earnings per share for the current fiscal year.
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.
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