F5 Networks, Inc. (NASDAQ:FFIV) – Investment analysts at KeyCorp raised their Q1 2021 earnings estimates for F5 Networks in a research report issued to clients and investors on Thursday, January 7th. KeyCorp analyst A. Kurtz now expects that the network technology company will earn $1.69 per share for the quarter, up from their prior estimate of $1.59. KeyCorp also issued estimates for F5 Networks’ FY2021 earnings at $6.95 EPS, Q1 2022 earnings at $1.85 EPS, Q3 2022 earnings at $1.87 EPS, FY2022 earnings at $7.68 EPS and FY2023 earnings at $8.39 EPS.
Several other equities analysts also recently weighed in on the company. Cowen lifted their target price on F5 Networks from $199.00 to $233.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their target price on F5 Networks from $154.00 to $182.00 and gave the company a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. raised F5 Networks from a “neutral” rating to an “overweight” rating and raised their price target for the company from $144.00 to $192.00 in a report on Monday, November 16th. Colliers Securities raised their price target on F5 Networks from $175.00 to $190.00 and gave the company a “buy” rating in a report on Monday, November 23rd. Finally, Piper Sandler raised their price target on F5 Networks from $177.00 to $205.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $182.79.
NASDAQ FFIV opened at $191.24 on Monday. The company has a market capitalization of $11.78 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 1.39. The business’s fifty day moving average is $170.29 and its 200 day moving average is $143.90. F5 Networks has a fifty-two week low of $79.78 and a fifty-two week high of $200.57.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Saturday, October 31st. The network technology company reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.06. The company had revenue of $614.82 million for the quarter, compared to the consensus estimate of $607.12 million. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. F5 Networks’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 earnings per share.
In related news, EVP Ana Maria White sold 257 shares of F5 Networks stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $132.39, for a total value of $34,024.23. Following the completion of the transaction, the executive vice president now owns 16,601 shares in the company, valued at $2,197,806.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of F5 Networks stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $172.81, for a total value of $86,405.00. Following the completion of the transaction, the chief financial officer now owns 12,831 shares of the company’s stock, valued at approximately $2,217,325.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,121 shares of company stock valued at $3,375,639. 0.34% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in FFIV. Acadian Asset Management LLC boosted its position in shares of F5 Networks by 57.6% during the third quarter. Acadian Asset Management LLC now owns 1,001,294 shares of the network technology company’s stock valued at $122,925,000 after buying an additional 365,844 shares during the period. Allianz Asset Management GmbH boosted its position in shares of F5 Networks by 75.4% during the third quarter. Allianz Asset Management GmbH now owns 547,173 shares of the network technology company’s stock valued at $67,176,000 after buying an additional 235,213 shares during the period. LSV Asset Management boosted its position in shares of F5 Networks by 38.7% during the third quarter. LSV Asset Management now owns 746,381 shares of the network technology company’s stock valued at $91,633,000 after buying an additional 208,220 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of F5 Networks by 31.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 748,778 shares of the network technology company’s stock valued at $91,927,000 after buying an additional 180,234 shares during the period. Finally, Truist Financial Corp boosted its position in shares of F5 Networks by 54.6% during the third quarter. Truist Financial Corp now owns 427,100 shares of the network technology company’s stock valued at $52,435,000 after buying an additional 150,771 shares during the period. Institutional investors and hedge funds own 85.01% of the company’s stock.
F5 Networks Company Profile
F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
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