F5 (NASDAQ:FFIV) Posts Quarterly Earnings Results

F5 (NASDAQ:FFIV) posted its quarterly earnings results on Monday. The network technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.88 by $0.03, RTT News reports. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $685.47 million. During the same period last year, the firm posted $1.70 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year.

F5 Stock Up 0.8 %

Shares of FFIV opened at $166.62 on Thursday. The company has a market cap of $9.80 billion, a PE ratio of 19.95, a P/E/G ratio of 2.43 and a beta of 1.14. The business has a fifty day moving average of $187.01 and a 200 day moving average of $176.75. F5 has a 52-week low of $129.93 and a 52-week high of $199.49.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FFIV. The Goldman Sachs Group boosted their target price on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Barclays lowered their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler reiterated a “neutral” rating and issued a $167.00 price objective (down previously from $187.00) on shares of F5 in a research note on Tuesday. Evercore ISI lowered their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada lowered their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $185.10.

Insider Transactions at F5

In other news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total transaction of $89,405.00. Following the transaction, the chief financial officer now owns 31,290 shares in the company, valued at $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now owns 31,290 shares in the company, valued at approximately $5,594,964.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,201 shares of company stock worth $1,908,065. 0.58% of the stock is currently owned by insiders.

F5 Company Profile

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.