$560.55 Million in Sales Expected for F5 Networks, Inc. (FFIV) This Quarter

Equities research analysts expect that F5 Networks, Inc. (NASDAQ:FFIV) will announce $560.55 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for F5 Networks’ earnings, with the lowest sales estimate coming in at $556.06 million and the highest estimate coming in at $563.52 million. F5 Networks reported sales of $538.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is expected to issue its next earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that F5 Networks will report full year sales of $2.16 billion for the current fiscal year, with estimates ranging from $2.15 billion to $2.16 billion. For the next year, analysts forecast that the company will report sales of $2.23 billion, with estimates ranging from $2.19 billion to $2.26 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow F5 Networks.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.05. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The firm had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $540.59 million. During the same period in the previous year, the business earned $2.03 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.

FFIV has been the subject of several research reports. Bank of America boosted their price target on F5 Networks from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. Standpoint Research cut F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a research report on Monday, June 18th. Citigroup cut F5 Networks from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $170.00 to $190.00 in a research report on Monday, June 18th. They noted that the move was a valuation call. BidaskClub upgraded F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. Finally, Credit Suisse Group set a $188.00 target price on F5 Networks and gave the company a “buy” rating in a report on Friday, June 29th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. F5 Networks has an average rating of “Hold” and a consensus target price of $171.06.

In other F5 Networks news, EVP Scot Frazier Rogers sold 2,512 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $171.02, for a total value of $429,602.24. Following the completion of the sale, the executive vice president now directly owns 11,096 shares in the company, valued at approximately $1,897,637.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jonathan Chadwick sold 2,540 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $170.64, for a total value of $433,425.60. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at approximately $1,359,830.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,327 shares of company stock valued at $3,026,072. 0.30% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Moody Aldrich Partners LLC acquired a new position in shares of F5 Networks in the 2nd quarter valued at $54,839,000. Piedmont Investment Advisors LLC acquired a new position in shares of F5 Networks in the 2nd quarter valued at $119,000. Qube Research & Technologies Ltd acquired a new position in shares of F5 Networks in the 2nd quarter valued at $131,000. Hollencrest Capital Management acquired a new position in shares of F5 Networks in the 3rd quarter valued at $202,000. Finally, Advisor Partners LLC acquired a new position in shares of F5 Networks in the 2nd quarter valued at $202,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of FFIV traded down $0.32 during trading hours on Tuesday, hitting $182.66. 671,223 shares of the stock were exchanged, compared to its average volume of 700,957. F5 Networks has a 12-month low of $114.63 and a 12-month high of $199.71. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.84 and a beta of 0.76.

F5 Networks Company Profile

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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Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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