A number of firms have modified their ratings and price targets on shares of F5 Networks (NASDAQ: FFIV) recently:

  • 4/19/2019 – F5 Networks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/9/2019 – F5 Networks was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “F5 Networks shares underperformed the industry in the past year. The company is hurt by softness within service providers vertical. A volatile spending atmosphere and competition from peers remain concerns. Moreover, a substantial portion of sales is derived from outside the U.S., which exposes the company to exchange rate fluctuations. Although the recent buyout of NGINX improves F5’s position within the DevOps ecosystem and helps boosting its long-term revenue growth, the near-term pressure on margins and earnings is a concern. Further, execution threats due to the  challenges regarding technology, go-to-market and cultural integration are overhangs. However, F5 Networks is benefiting from strong software growth, backed by a solid uptick in public cloud and security offerings. Acceleration in ELA and Virtual Edition subscription software deals is a positive. Estimates have been stable lately ahead of the company’s Q2 earnings.”
  • 4/3/2019 – F5 Networks was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/1/2019 – F5 Networks was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $180.00 price target on the stock, up previously from $155.00.
  • 3/29/2019 – F5 Networks was upgraded by analysts at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating. They now have a $163.00 price target on the stock, up previously from $157.00.
  • 3/26/2019 – F5 Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “F5 Networks is benefiting from strong software growth, backed by a solid uptick in public cloud and security offerings. Acceleration in ELA and Virtual Edition subscription software deals is a positive. The company’s BIG-IP Cloud Edition is also expected to be a meaningful growth driver. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. However, a volatile spending atmosphere and competition from peers remain concerns. Moreover, a substantial portion of sales is derived from outside the U.S., which exposes the company to exchange rate fluctuations. Besides, softness within service providers vertical is a headwind. Shares underperformed the industry in the past year.”
  • 3/13/2019 – F5 Networks had its price target lowered by analysts at DA Davidson to $170.00. They now have a “neutral” rating on the stock.
  • 3/12/2019 – F5 Networks had its price target lowered by analysts at Deutsche Bank AG from $115.00 to $110.00. They now have a “sell” rating on the stock.
  • 3/12/2019 – F5 Networks was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $183.00 price target on the stock, down previously from $210.00.
  • 3/12/2019 – F5 Networks had its “market perform” rating reaffirmed by analysts at William Blair.
  • 3/6/2019 – F5 Networks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

FFIV stock opened at $163.40 on Monday. F5 Networks, Inc. has a 12-month low of $148.90 and a 12-month high of $199.71. The stock has a market capitalization of $9.71 billion, a P/E ratio of 20.43, a PEG ratio of 2.09 and a beta of 0.93.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.17. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The company had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $547.39 million. During the same period in the previous year, the firm posted $2.26 EPS. F5 Networks’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that F5 Networks, Inc. will post 8.64 earnings per share for the current year.

In related news, CEO Francois Locoh-Donou sold 4,036 shares of F5 Networks stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $643,742.00. Following the sale, the chief executive officer now directly owns 29,639 shares in the company, valued at approximately $4,727,420.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ryan C. Kearny sold 1,136 shares of F5 Networks stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $160.83, for a total value of $182,702.88. Following the completion of the sale, the senior vice president now owns 7,333 shares in the company, valued at $1,179,366.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,469 shares of company stock worth $2,339,402. 0.22% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Intercontinental Wealth Advisors LLC purchased a new position in F5 Networks in the 4th quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new position in F5 Networks in the 4th quarter worth approximately $26,000. Rational Advisors LLC lifted its stake in F5 Networks by 2,009.1% in the 4th quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after purchasing an additional 221 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in F5 Networks in the 1st quarter worth approximately $41,000. Finally, Arrow Financial Corp purchased a new position in F5 Networks in the 4th quarter worth approximately $45,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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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