Somewhat Positive News Coverage Extremely Likely to Affect F5 Networks (FFIV) Stock Price

Media stories about F5 Networks (NASDAQ:FFIV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. F5 Networks earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the network technology company an impact score of 93 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s analysis:

Insider Buying and Selling by Quarter for F5 Networks (NASDAQ:FFIV)

Shares of F5 Networks (FFIV) traded down 0.18% during mid-day trading on Thursday, reaching $128.76. The company had a trading volume of 221,013 shares. The stock has a market capitalization of $8.33 billion, a P/E ratio of 21.98 and a beta of 1.12. The firm’s 50 day moving average is $128.87 and its 200-day moving average is $138.25. F5 Networks has a 12-month low of $107.19 and a 12-month high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.06. The company had revenue of $518.20 million for the quarter, compared to analyst estimates of $523.12 million. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. On average, analysts expect that F5 Networks will post $8.20 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on FFIV. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price objective on shares of F5 Networks in a research note on Friday, June 16th. Cowen and Company reaffirmed an “outperform” rating and issued a $145.00 target price on shares of F5 Networks in a report on Monday, June 5th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $132.00 target price on shares of F5 Networks in a report on Monday, May 29th. Morgan Stanley lowered their target price on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, April 28th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $124.00 target price on shares of F5 Networks in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $136.94.

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In related news, Director John Mcadam sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the sale, the director now owns 66,953 shares of the company’s stock, valued at $8,715,272.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Reinland sold 6,235 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $127.40, for a total value of $794,339.00. Following the sale, the chief financial officer now directly owns 18,602 shares in the company, valued at approximately $2,369,894.80. The disclosure for this sale can be found here. Insiders have sold 25,146 shares of company stock worth $3,234,190 in the last three months. 0.26% of the stock is currently owned by company insiders.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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