F5 (NASDAQ:FFIV) Announces Quarterly Earnings Results, Beats Estimates By $0.39 EPS

F5 (NASDAQ:FFIV) issued its quarterly earnings data on Monday. The network technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39, Briefing.com reports. The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. F5’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 earnings per share.

F5 Stock Up 13.2 %

Shares of FFIV opened at $200.99 on Tuesday. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.36 and a beta of 1.08. F5 has a 52 week low of $145.45 and a 52 week high of $200.99. The stock’s 50-day moving average price is $171.26 and its 200-day moving average price is $179.09.

Analyst Ratings Changes

Several research analysts have recently commented on FFIV shares. JPMorgan Chase & Co. boosted their price target on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays boosted their target price on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Piper Sandler boosted their target price on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada boosted their target price on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Evercore ISI dropped their target price on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $197.56.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the transaction, the chief financial officer now owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the transaction, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the transaction, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,766 shares of company stock valued at $1,990,890. 0.58% of the stock is owned by company 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.