F5 Networks, Inc. to Post Q1 2019 Earnings of $2.02 Per Share, William Blair Forecasts (FFIV)

F5 Networks, Inc. (NASDAQ:FFIV) – William Blair issued their Q1 2019 earnings per share estimates for F5 Networks in a research report issued on Thursday, October 25th. William Blair analyst J. Ader forecasts that the network technology company will post earnings per share of $2.02 for the quarter. William Blair also issued estimates for F5 Networks’ Q2 2019 earnings at $2.04 EPS, Q3 2019 earnings at $2.13 EPS and Q4 2019 earnings at $2.49 EPS.

A number of other analysts have also commented on FFIV. Cowen lifted their price target on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday. MKM Partners lifted their price target on F5 Networks to $190.00 and gave the company a “neutral” rating in a research note on Friday. Credit Suisse Group lifted their price target on F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. set a $211.00 price target on F5 Networks and gave the company a “buy” rating in a research note on Thursday, July 5th. Finally, BMO Capital Markets lifted their price target on F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $174.94.

Shares of FFIV stock opened at $168.59 on Monday. F5 Networks has a 12 month low of $119.35 and a 12 month high of $199.71. The stock has a market cap of $10.36 billion, a PE ratio of 21.07, a PEG ratio of 2.08 and a beta of 0.76.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The firm had revenue of $562.71 million for the quarter, compared to analyst estimates of $560.72 million.

In other news, CEO Francois Locoh-Donou sold 3,332 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $168.99, for a total transaction of $563,074.68. Following the completion of the transaction, the chief executive officer now directly owns 15,080 shares in the company, valued at $2,548,369.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 2,512 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $171.02, for a total value of $429,602.24. Following the transaction, the executive vice president now owns 11,096 shares of the company’s stock, valued at $1,897,637.92. The disclosure for this sale can be found here. Insiders have sold 14,787 shares of company stock valued at $2,592,646 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Greenleaf Trust bought a new stake in F5 Networks in the third quarter worth approximately $286,000. Assenagon Asset Management S.A. increased its holdings in F5 Networks by 632.0% in the third quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock worth $79,776,000 after purchasing an additional 345,391 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in F5 Networks by 2.1% in the third quarter. NN Investment Partners Holdings N.V. now owns 109,953 shares of the network technology company’s stock worth $21,927,000 after purchasing an additional 2,210 shares in the last quarter. Barings LLC increased its holdings in F5 Networks by 15.2% in the third quarter. Barings LLC now owns 18,160 shares of the network technology company’s stock worth $3,621,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in F5 Networks by 138.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 638,956 shares of the network technology company’s stock worth $127,420,000 after purchasing an additional 370,775 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

About F5 Networks

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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