F5 (FFIV) to Release Earnings on Wednesday

F5 (NASDAQ:FFIV) is scheduled to release its earnings data on Wednesday, April 17th.

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

F5 Trading Down 2.2 %

FFIV stock opened at $183.78 on Tuesday. The firm’s 50-day moving average is $188.26 and its two-hundred day moving average is $175.08. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.11. F5 has a 52 week low of $127.05 and a 52 week high of $199.49.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $180.09, for a total value of $90,045.00. Following the transaction, the chief financial officer now owns 31,508 shares in the company, valued at $5,674,275.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $180.09, for a total transaction of $90,045.00. Following the transaction, the chief financial officer now owns 31,508 shares of the company’s stock, valued at $5,674,275.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,400 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the sale, the chief executive officer now directly owns 123,251 shares of the company’s stock, valued at $23,173,653.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,201 shares of company stock worth $1,908,705. Corporate insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On F5

Several hedge funds have recently bought and sold shares of FFIV. Federated Hermes Inc. boosted its position in F5 by 32.3% during the first quarter. Federated Hermes Inc. now owns 459 shares of the network technology company’s stock worth $96,000 after purchasing an additional 112 shares during the period. McIlrath & Eck LLC acquired a new stake in F5 during the fourth quarter worth about $79,000. Wahed Invest LLC raised its holdings in F5 by 12.5% in the 2nd quarter. Wahed Invest LLC now owns 855 shares of the network technology company’s stock valued at $125,000 after acquiring an additional 95 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in F5 by 50.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 979 shares of the network technology company’s stock valued at $140,000 after acquiring an additional 329 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of F5 by 27.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 1,157 shares of the network technology company’s stock worth $242,000 after acquiring an additional 248 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FFIV. The Goldman Sachs Group raised their target price on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Piper Sandler raised their price objective on shares of F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of F5 in a research note on Tuesday, February 13th. Barclays increased their target price on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $186.82.

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.