F5 (FFIV) to Release Quarterly Earnings on Monday

F5 (NASDAQ:FFIV) will be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $3.45 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 earnings per share. On average, analysts expect F5 to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

F5 Stock Up 1.5 %

Shares of FFIV opened at $216.87 on Friday. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.61 and a beta of 1.06. The business has a 50-day simple moving average of $211.29 and a two-hundred day simple moving average of $188.48. F5 has a 52 week low of $146.02 and a 52 week high of $224.47.

Insider Buying and Selling at F5

In other news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of the sale, the executive vice president now owns 18,073 shares of the company’s stock, valued at $3,610,262.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total transaction of $283,659.20. Following the completion of the sale, the executive vice president now owns 18,073 shares of the company’s stock, valued at approximately $3,610,262.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.71, for a total value of $163,996.21. Following the transaction, the executive vice president now owns 16,000 shares of the company’s stock, valued at $3,083,360. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,971 shares of company stock valued at $1,618,357. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FFIV shares. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI upped their price objective on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Royal Bank of Canada increased their price target on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. The Goldman Sachs Group increased their price target on F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, Barclays raised their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus target price of $204.56.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.