F5 Networks (FFIV) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about F5 Networks (NASDAQ:FFIV) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. F5 Networks earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the network technology company an impact score of 46.0695646105252 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Norges Bank Buys A Little More F5 Networks, Inc. (FFIV) Stock Last Quarter – Modern Readers (modernreaders.com)
- Norges Bank Bought A Little More F5 Networks, Inc. (FFIV) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- Bear Of The Day: F5 Networks (FFIV) (finance.yahoo.com)
- ZAGG, F5 Networks and Snap highlighted as Zacks Bull and Bear of the Day (finance.yahoo.com)
- Norges Bank Marginally Increases Its Position in F5 Networks, Inc. (FFIV) Stock Last Quarter – Highlight Press (highlightpress.com)
Shares of F5 Networks (FFIV) traded up 1.21% on Friday, reaching $117.82. The company had a trading volume of 777,869 shares. F5 Networks has a 52-week low of $114.45 and a 52-week high of $149.50. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 19.57 and a beta of 1.16. The company’s 50-day moving average price is $124.87 and its 200-day moving average price is $133.50.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting analysts’ consensus estimates of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. During the same period in the prior year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts predict that F5 Networks will post $8.17 earnings per share for the current year.
Several equities analysts have commented on FFIV shares. Barclays PLC reiterated a “sell” rating and set a $124.00 price target on shares of F5 Networks in a report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on F5 Networks and gave the company a “hold” rating in a report on Thursday, April 20th. Cowen and Company reiterated an “outperform” rating and set a $145.00 price target (down previously from $149.00) on shares of F5 Networks in a report on Friday, April 28th. Morgan Stanley lowered their price target 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, Royal Bank Of Canada lowered their price target on F5 Networks from $137.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $132.00.
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In other news, COO Edward Julian Eames sold 4,378 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total transaction of $528,118.14. Following the sale, the chief operating officer now directly owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the sale, the chief executive officer now directly owns 2,636 shares in the company, valued at $315,291.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,050 shares of company stock worth $2,293,138. Insiders own 0.26% of the company’s stock.
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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