News headlines about F5 Networks (NASDAQ:FFIV) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news 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 news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the network technology company an impact score of 45.2950792176392 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- F5 : Announces Date for Q4 Earnings Conference Call (4-traders.com)
- F5 Announces Date for Q4 Earnings Conference Call (finance.yahoo.com)
- Oppenheimer Holdings, Inc. Reaffirms Hold Rating for F5 Networks, Inc. (FFIV) (americanbankingnews.com)
- F5 Networks, Inc. (FFIV) Stock Price trades -12.27% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- F5 Networks, Inc. (FFIV) Earns “Hold” Rating from Needham & Company LLC (americanbankingnews.com)
Several brokerages have weighed in on FFIV. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $124.00 price objective on shares of F5 Networks in a research report on Thursday, August 31st. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $124.00 price objective (down previously from $132.00) on shares of F5 Networks in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fourteen have given 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 target price of $130.81.
Shares of F5 Networks (NASDAQ:FFIV) opened at 116.90 on Tuesday. The company has a 50-day moving average price of $117.86 and a 200 day moving average price of $129.24. F5 Networks has a 52 week low of $114.45 and a 52 week high of $149.50. The stock has a market capitalization of $7.43 billion, a PE ratio of 19.42 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting the consensus estimate of $2.03. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. F5 Networks’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. Equities analysts forecast that F5 Networks will post $8.17 EPS for the current fiscal year.
In other news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now directly owns 815 shares in the company, valued at approximately $95,558.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Dilullo sold 3,052 shares of F5 Networks stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total value of $367,918.60. Following the completion of the transaction, the executive vice president now owns 7,255 shares in the company, valued at $874,590.25. The disclosure for this sale can be found here. Insiders have sold a total of 22,312 shares of company stock worth $2,675,607 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
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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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