F5 (NASDAQ:FFIV) Issues Q4 Earnings Guidance

F5 (NASDAQ:FFIV) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $3.38-3.50 for the period, compared to the consensus EPS estimate of $3.33. The company issued revenue guidance of $720-740 million, compared to the consensus revenue estimate of $717.39 million. F5 also updated its FY 2024 guidance to 13.100-13.100 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FFIV. Royal Bank of Canada upped their price target on F5 from $182.00 to $205.00 and gave the stock a sector perform rating in a research report on Tuesday. Evercore ISI upped their price target on F5 from $180.00 to $210.00 and gave the stock an in-line rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on F5 from $210.00 to $215.00 and gave the stock a neutral rating in a research report on Tuesday. Piper Sandler upped their price target on F5 from $167.00 to $186.00 and gave the stock a neutral rating in a research report on Tuesday. Finally, Needham & Company LLC upped their price target on F5 from $220.00 to $235.00 and gave the stock a buy rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $200.89.

F5 Trading Up 1.5 %

FFIV traded up $3.10 on Wednesday, hitting $203.76. 407,057 shares of the company’s stock traded hands, compared to its average volume of 498,280. The company’s 50 day simple moving average is $171.80 and its 200-day simple moving average is $179.26. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.36 and a beta of 1.08. F5 has a one year low of $145.45 and a one year high of $205.92.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.39. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.30% and a net margin of 19.94%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $2.46 EPS. As a group, equities analysts anticipate that F5 will post 9.64 EPS for the current fiscal year.

Insider Buying and Selling at F5

In other F5 news, insider Pelzer Frank 800 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available through the SEC website. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $168.11, for a total transaction of $243,759.50. Following the completion of the transaction, the chief executive officer now owns 124,362 shares in the company, valued at approximately $20,906,495.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pelzer Frank 800 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 11,766 shares of company stock worth $1,990,890 in the last quarter. 0.58% of the stock is owned by corporate 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.