Q3 2024 Earnings Estimate for F5, Inc. Issued By William Blair (NASDAQ:FFIV)

F5, Inc. (NASDAQ:FFIV) – Research analysts at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for F5 in a report released on Tuesday, April 30th. William Blair analyst J. Ader now forecasts that the network technology company will post earnings per share of $2.21 for the quarter, down from their prior estimate of $2.37. The consensus estimate for F5’s current full-year earnings is $9.59 per share. William Blair also issued estimates for F5’s Q1 2025 earnings at $2.58 EPS, Q2 2025 earnings at $2.40 EPS, Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.87 EPS and FY2025 earnings at $10.47 EPS.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.03. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada reduced their target price on F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of F5 in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $167.00 target price (down previously from $187.00) on shares of F5 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $185.10.

F5 Stock Performance

F5 stock opened at $165.94 on Friday. F5 has a fifty-two week low of $130.34 and a fifty-two week high of $199.49. The stock has a market cap of $9.76 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The firm’s fifty day moving average price is $186.63 and its 200-day moving average price is $176.67.

Institutional Investors Weigh In On F5

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its position in F5 by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company’s stock worth $4,428,000 after purchasing an additional 1,044 shares during the last quarter. Commonwealth Equity Services LLC grew its position in F5 by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 3,981 shares of the network technology company’s stock valued at $642,000 after buying an additional 139 shares during the period. Simon Quick Advisors LLC purchased a new stake in F5 during the third quarter valued at approximately $201,000. Vision Capital Management Inc. raised its position in F5 by 1.2% in the third quarter. Vision Capital Management Inc. now owns 17,085 shares of the network technology company’s stock worth $2,753,000 after acquiring an additional 205 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of F5 by 25.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,061 shares of the network technology company’s stock worth $332,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Transactions at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the sale, the chief financial officer now directly owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction of $91,155.00. Following the transaction, the chief financial officer now directly owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the sale, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The disclosure for this sale can be found here. Insiders have sold a total of 11,052 shares of company stock valued at $2,050,633 in the last ninety days. 0.58% of the stock is currently owned by corporate insiders.

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.