F5 (FFIV) to Release Earnings on Monday

F5 (NASDAQ:FFIV) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect F5 to post earnings of $2.88 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. F5’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 EPS. On average, analysts expect F5 to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

F5 Price Performance

Shares of F5 stock opened at $177.33 on Monday. The stock has a market cap of $10.43 billion, a P/E ratio of 23.06, a P/E/G ratio of 2.61 and a beta of 1.11. The stock’s 50 day simple moving average is $187.93 and its 200-day simple moving average is $175.66. F5 has a 1-year low of $127.05 and a 1-year high of $199.49.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FFIV shares. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of F5 in a research report on Tuesday, February 13th. Piper Sandler upped their price objective on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Barclays upped their price objective on F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. KeyCorp upped their price objective on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $204.00 price objective on shares of F5 in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $192.22.

Insider Buying and Selling at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the transaction, the chief financial officer now owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The disclosure for this sale can be found here. Insiders sold 9,701 shares of company stock worth $1,818,660 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On F5

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of F5 by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,481 shares of the network technology company’s stock valued at $14,226,000 after buying an additional 2,930 shares during the last quarter. Legal & General Group Plc raised its holdings in F5 by 7.3% during the fourth quarter. Legal & General Group Plc now owns 632,066 shares of the network technology company’s stock worth $113,127,000 after purchasing an additional 43,163 shares in the last quarter. Vanguard Group Inc. raised its holdings in F5 by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,435,868 shares of the network technology company’s stock worth $1,330,872,000 after purchasing an additional 131,341 shares in the last quarter. Wahed Invest LLC raised its holdings in F5 by 15.1% during the fourth quarter. Wahed Invest LLC now owns 1,104 shares of the network technology company’s stock worth $198,000 after purchasing an additional 145 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in F5 by 3.6% during the fourth quarter. Nuveen Asset Management LLC now owns 148,527 shares of the network technology company’s stock worth $26,583,000 after purchasing an additional 5,135 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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.