F5 Networks (FFIV) Receives Coverage Optimism Rating of 0.17
Media headlines about F5 Networks (NASDAQ:FFIV) have trended somewhat positive on Friday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. F5 Networks earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the network technology company an impact score of 45.1913974296474 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- F5 Networks’ (FFIV) Hold Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- F5 Networks, Inc. (FFIV) Stock Rating Reaffirmed by Piper Jaffray Companies (americanbankingnews.com)
- Zacks Investment Research Lowers F5 Networks, Inc. (FFIV) to Sell (americanbankingnews.com)
- F5 Networks, Inc. (FFIV) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Comparing Apigee Corp (APIC) & F5 Networks (FFIV) (americanbankingnews.com)
A number of analysts recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of F5 Networks in a research note on Wednesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $121.00 target price on shares of F5 Networks in a research note on Thursday. Zacks Investment Research cut shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $129.00 target price on shares of F5 Networks in a research note on Tuesday. Finally, Morgan Stanley lowered their target price on shares of F5 Networks from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $128.94.
F5 Networks (FFIV) opened at 115.69 on Friday. The stock’s 50 day moving average is $117.98 and its 200 day moving average is $126.02. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.21 and a beta of 1.14. F5 Networks has a 12-month low of $114.63 and a 12-month high of $149.50.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. During the same period last year, the company earned $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that F5 Networks will post $8.17 EPS for the current fiscal year.
In other F5 Networks news, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total value of $100,813.24. Following the completion of the sale, the executive vice president now owns 2,148 shares of the company’s stock, valued at $259,027.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan Higginson sold 2,540 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.52, for a total value of $306,120.80. Following the completion of the sale, the director now directly owns 13,310 shares of the company’s stock, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,312 shares of company stock valued at $2,675,607. Corporate insiders own 0.26% of the company’s stock.
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F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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