F5 Networks (FFIV) Receiving Somewhat Favorable News Coverage, Report Shows
News headlines about F5 Networks (NASDAQ:FFIV) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. F5 Networks earned a news impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the network technology company an impact score of 46.2191777897042 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Taking a Deeper Look into the Moving Average For F5 Networks Inc (FFIV) – Evergreen Caller (evergreencaller.com)
- Twitter, Inc. (TWTR) while F5 Networks, Inc. (FFIV) finishes with a flow of 0.76% – Stocks Gallery (stocksgallery.com)
- F5 Networks, Inc. (FFIV) Given “Hold” Rating at Jefferies Group LLC (americanbankingnews.com)
- F5 Networks Inc (FFIV) Shares Dip Below Balance Step – Stock Press Daily (stockpressdaily.com)
- Trading Activity & Insight into F5 Networks Inc (FFIV) – Hayden Business Journal (haydenbusinessjournal.com)
Shares of F5 Networks (NASDAQ FFIV) opened at 118.57 on Friday. The stock has a market cap of $7.53 billion, a PE ratio of 19.69 and a beta of 1.16. F5 Networks has a 52 week low of $114.45 and a 52 week high of $149.50. The firm has a 50-day moving average of $120.59 and a 200 day moving average of $131.37.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. On average, equities analysts forecast that F5 Networks will post $8.17 EPS for the current fiscal year.
A number of equities research analysts have commented on the stock. Wells Fargo & Company downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $145.00 to $120.00 in a research report on Thursday, July 27th. Piper Jaffray Companies dropped their price target on shares of F5 Networks to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and set a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. CIBC reiterated a “market perform” rating on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Cowen and Company reiterated an “outperform” rating and set a $145.00 price target on shares of F5 Networks in a research note on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $130.81.
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In other F5 Networks news, EVP John D. Dilullo sold 3,052 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the transaction, the executive vice president now directly owns 7,255 shares of the company’s stock, valued at $874,590.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Edward Julian Eames sold 4,378 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total transaction of $528,118.14. Following the transaction, the chief operating officer now directly owns 35,088 shares in the company, valued at $4,232,665.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,050 shares of company stock worth $2,293,138. Insiders own 0.26% of the company’s stock.
About F5 Networks
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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