$528.98 Million in Sales Expected for F5 Networks (FFIV) This Quarter

Analysts expect F5 Networks (NASDAQ:FFIV) to report $528.98 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for F5 Networks’ earnings, with the lowest sales estimate coming in at $522.40 million and the highest estimate coming in at $532.40 million. F5 Networks posted sales of $518.25 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, April 25th.

On average, analysts expect that F5 Networks will report full-year sales of $2.15 billion for the current year, with estimates ranging from $2.12 billion to $2.16 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.20 billion per share, with estimates ranging from $2.14 billion to $2.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover F5 Networks.

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F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. During the same quarter last year, the firm posted $1.98 EPS. The business’s revenue was up 1.4% on a year-over-year basis.

A number of research analysts have weighed in on FFIV shares. BMO Capital Markets upgraded F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 price objective on the stock in a report on Thursday, January 4th. Bank of America upgraded F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Friday, January 5th. Deutsche Bank restated a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. Piper Jaffray restated a “neutral” rating and issued a $146.00 price objective on shares of F5 Networks in a report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.55.

FFIV stock traded down $0.14 during midday trading on Friday, reaching $154.92. The stock had a trading volume of 537,236 shares, compared to its average volume of 777,577. The firm has a market capitalization of $9,589.60, a P/E ratio of 23.98, a PEG ratio of 2.33 and a beta of 1.06. F5 Networks has a 52-week low of $114.63 and a 52-week high of $157.20.

In related news, CFO Andrew Reinland sold 12,963 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the completion of the sale, the chief financial officer now owns 515 shares in the company, valued at $76,225.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Dilullo sold 3,801 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $142.69, for a total value of $542,364.69. Following the sale, the executive vice president now owns 7,522 shares of the company’s stock, valued at approximately $1,073,314.18. The disclosure for this sale can be found here. Insiders have sold a total of 50,172 shares of company stock valued at $7,274,542 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of FFIV. Dimensional Fund Advisors LP increased its position in F5 Networks by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 248,950 shares of the network technology company’s stock worth $30,015,000 after buying an additional 8,444 shares during the period. Stifel Financial Corp increased its holdings in shares of F5 Networks by 4.0% in the third quarter. Stifel Financial Corp now owns 61,491 shares of the network technology company’s stock valued at $7,415,000 after purchasing an additional 2,380 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of F5 Networks by 13.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 9,672 shares of the network technology company’s stock valued at $1,166,000 after purchasing an additional 1,122 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of F5 Networks in the third quarter valued at approximately $716,000. Finally, Zions Bancorporation increased its holdings in shares of F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 1,004 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

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About F5 Networks

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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