F5 (FFIV) reports earnings on Monday

F5 (NASDAQ:FFIV – Get Free Report) is expected to release its quarterly results after the market closes on Monday, April 29. Analysts expect F5 to post earnings of $2.88 per share for the quarter. Individuals interested in participating in the company’s earnings conference call can do so via this link.

F5 (NASDAQ:FFIV – Get Free Report) posted its latest quarterly results on Monday, January 29. The networking technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company had revenue of $693.00 million during the quarter, compared to analyst expectations of $684.77 million. During the same quarter of the previous year, the company earned $1.65 in earnings per share. F5’s revenue decreased by 1.0% year-on-year. On average, analysts expect F5 to post earnings per share of $10 for the current fiscal year and $11 earnings per share for the next fiscal year.

F5 Price performance

Shares of NASDAQ:FFIV opened at $177.33 on Monday. F5 has a one-year low of $127.05 and a one-year high of $199.49. The company has a 50-day moving average of $187.93 and a 200-day moving average of $175.66. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 23.06, a price-to-earnings ratio of 2.61 and a beta of 1.11.

Insider transactions at F5

In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Tuesday, February 20. The shares sold at an average price of $182.31, for a total value of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Tuesday, February 20. The shares sold at an average price of $182.31, for a total value of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Wednesday, April 3. The stock sold at an average price of $188.85, for a total transaction of $273,832.50. Following the completion of the sale, the CEO now directly owns 121,801 shares of the company’s stock, valued at approximately $23,002,118.85. The explanation of this sale can be found here. Insiders have sold a total of 9,701 shares of the company’s stock, worth $1,818,660, in the last 90 days. 0.58% of the shares are owned by business insiders.

Hedge funds weigh at F5

A number of institutional investors have recently increased or decreased their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of F5 during the fourth quarter valued at $79,000. Federated Hermes Inc. increased its stake in F5 shares by 32.3% in the first quarter. Federated Hermes Inc. now owns 459 shares of the networking technology company worth $96,000, after acquiring an additional 112 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of F5 by 12.5% ​​in the second quarter. Wahed Invest LLC now owns 855 shares of the networking technology company’s stock worth $125,000 after acquiring an additional 95 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of F5 by 50.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 979 shares of the networking technology company’s stock worth $140,000 after acquiring an additional 329 shares in the last quarter. Finally, Intact acquired Investment Management Inc. a new position in F5 shares in the fourth quarter, worth approximately $172,000. 90.66% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts weigh in

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a report on Tuesday, January 30. Piper Sandler lifted their price objective on shares of F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30. JPMorgan Chase & Co. raised their price objective on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of F5 in a report on Tuesday, February 13. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $204.00 price objective on shares of F5 in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $192.22.

Read our latest stock report on FFIV

About F5

(Get a free report)

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 customers to deploy, secure and operate applications in any architecture, from on-premises to the public cloud.

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