Wall Street analysts expect F5 Networks, Inc. (NASDAQ:FFIV) to report $2.04 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for F5 Networks’ earnings, with estimates ranging from $1.98 to $2.13. F5 Networks reported earnings of $1.98 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is expected to issue its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that F5 Networks will report full year earnings of $8.64 per share for the current financial year, with EPS estimates ranging from $8.40 to $8.89. For the next year, analysts forecast that the business will post earnings of $9.13 per share, with EPS estimates ranging from $8.71 to $9.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for F5 Networks.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The firm had revenue of $538.00 million during the quarter, compared to analyst estimates of $534.71 million. During the same period last year, the company posted $2.11 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year.

A number of equities research analysts have commented on FFIV shares. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and set a $124.00 price objective on shares of F5 Networks in a research report on Thursday, August 31st. KeyCorp restated a “hold” rating on shares of F5 Networks in a research report on Wednesday, October 11th. Nomura decreased their price objective on F5 Networks from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, October 16th. Finally, Robert W. Baird restated a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the stock. F5 Networks has a consensus rating of “Hold” and an average price target of $125.94.

In other news, CMO Benjamin Gibson sold 932 shares of F5 Networks stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total transaction of $111,392.64. Following the completion of the sale, the chief marketing officer now directly owns 1,651 shares in the company, valued at approximately $197,327.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $121.03, for a total value of $271,228.23. Following the sale, the chief financial officer now owns 15,369 shares of the company’s stock, valued at $1,860,110.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,712 shares of company stock valued at $4,316,345. 0.26% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its stake in shares of F5 Networks by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after acquiring an additional 400 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of F5 Networks by 23.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after acquiring an additional 161 shares in the last quarter. IFP Advisors Inc raised its stake in shares of F5 Networks by 65.6% in the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 380 shares in the last quarter. Zions Bancorporation raised its stake in shares of F5 Networks by 16,733.3% in the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 1,004 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of F5 Networks by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after acquiring an additional 21 shares in the last quarter. 95.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of F5 Networks (FFIV) traded up $0.83 during midday trading on Wednesday, reaching $131.06. The company’s stock had a trading volume of 1,484,152 shares, compared to its average volume of 817,140. F5 Networks has a 12-month low of $114.63 and a 12-month high of $149.50. The firm has a market cap of $8,151.55, a price-to-earnings ratio of 20.13, a PEG ratio of 2.07 and a beta of 1.06.

F5 Networks announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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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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Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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