F5 Networks, Inc. (NASDAQ:FFIV) – Analysts at William Blair lifted their FY2020 earnings per share (EPS) estimates for shares of F5 Networks in a report issued on Tuesday, July 28th. William Blair analyst J. Ader now anticipates that the network technology company will earn $6.69 per share for the year, up from their previous estimate of $6.18. William Blair also issued estimates for F5 Networks’ Q4 2020 earnings at $1.67 EPS, Q1 2021 earnings at $1.46 EPS, Q2 2021 earnings at $1.43 EPS, Q3 2021 earnings at $1.55 EPS, Q4 2021 earnings at $1.68 EPS, FY2021 earnings at $6.11 EPS and FY2022 earnings at $6.23 EPS.

A number of other brokerages have also recently issued reports on FFIV. Royal Bank of Canada increased their target price on F5 Networks from $135.00 to $154.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. MKM Partners raised their price target on F5 Networks from $144.00 to $152.00 in a report on Tuesday, April 28th. JPMorgan Chase & Co. upped their price target on shares of F5 Networks from $138.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley upgraded shares of F5 Networks from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Thursday, July 9th. Finally, Citigroup upped their target price on shares of F5 Networks from $112.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. F5 Networks presently has a consensus rating of “Hold” and a consensus price target of $159.76.

Shares of FFIV opened at $135.90 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $141.68 and a two-hundred day moving average price of $130.72. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.74 and a beta of 1.09. F5 Networks has a 12 month low of $79.78 and a 12 month high of $156.36.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 27th. The network technology company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.15. F5 Networks had a net margin of 13.95% and a return on equity of 21.69%. The company had revenue of $583.25 million during the quarter, compared to analysts’ expectations of $572.00 million. During the same quarter in the prior year, the company posted $2.52 EPS. The business’s revenue was up 3.5% on a year-over-year basis.

In other F5 Networks news, EVP Ana Maria White sold 1,034 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $132.16, for a total transaction of $136,653.44. Following the transaction, the executive vice president now directly owns 11,610 shares in the company, valued at approximately $1,534,377.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Angus James Bruce Robertson sold 288 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $132.16, for a total transaction of $38,062.08. Following the transaction, the senior vice president now directly owns 1,156 shares in the company, valued at $152,776.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,494 shares of company stock worth $1,279,727. Corporate insiders own 0.34% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of F5 Networks by 1.2% in the first quarter. BlackRock Inc. now owns 4,897,258 shares of the network technology company’s stock valued at $522,193,000 after buying an additional 57,171 shares during the period. State Street Corp lifted its stake in shares of F5 Networks by 2.3% during the 1st quarter. State Street Corp now owns 3,133,040 shares of the network technology company’s stock valued at $334,076,000 after buying an additional 69,742 shares in the last quarter. APG Asset Management N.V. grew its stake in F5 Networks by 3,083.9% in the 1st quarter. APG Asset Management N.V. now owns 1,898,386 shares of the network technology company’s stock valued at $265,319,000 after buying an additional 1,838,762 shares in the last quarter. First Trust Advisors LP raised its holdings in F5 Networks by 164.3% during the 2nd quarter. First Trust Advisors LP now owns 1,270,893 shares of the network technology company’s stock valued at $177,264,000 after acquiring an additional 790,058 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of F5 Networks by 1.2% during the first quarter. Geode Capital Management LLC now owns 1,160,961 shares of the network technology company’s stock worth $123,598,000 after acquiring an additional 13,821 shares in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

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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