Analysts expect F5 Networks, Inc. (NASDAQ:FFIV) to post sales of $521.96 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for F5 Networks’ earnings. The lowest sales estimate is $518.55 million and the highest is $535.18 million. F5 Networks reported sales of $515.96 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The business is scheduled to issue its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that F5 Networks will report full year sales of $521.96 million for the current year, with estimates ranging from $2.10 billion to $2.17 billion. For the next year, analysts anticipate that the business will report sales of $2.20 billion per share, with estimates ranging from $2.16 billion to $2.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow F5 Networks.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. F5 Networks’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS.

FFIV has been the subject of several analyst reports. Jefferies Group reissued a “hold” rating and issued a $124.00 target price on shares of F5 Networks in a report on Thursday, August 31st. Oppenheimer reissued a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Zacks Investment Research raised shares of F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Standpoint Research initiated coverage on shares of F5 Networks in a report on Monday, October 2nd. They issued an “accumulate” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $125.94.

In other F5 Networks news, EVP Edward Julian Eames sold 15,336 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $121.06, for a total value of $1,856,576.16. Following the completion of the sale, the executive vice president now owns 43,824 shares of the company’s stock, valued at $5,305,333.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andrew Reinland sold 2,241 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $121.03, for a total value of $271,228.23. Following the completion of the sale, the chief financial officer now directly owns 15,369 shares of the company’s stock, valued at approximately $1,860,110.07. The disclosure for this sale can be found here. Insiders sold 35,712 shares of company stock worth $4,316,345 in the last quarter. 0.26% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC lifted its holdings in F5 Networks by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after acquiring an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in F5 Networks by 23.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after acquiring an additional 161 shares during the period. IFP Advisors Inc lifted its holdings in F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 380 shares during the period. Zions Bancorporation lifted its holdings in F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 1,004 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after acquiring an additional 21 shares during the period. 95.19% of the stock is owned by hedge funds and other institutional investors.

F5 Networks (FFIV) opened at $130.23 on Friday. The stock has a market cap of $8,199.75, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. F5 Networks has a one year low of $114.63 and a one year high of $149.50.

F5 Networks declared that its board has initiated a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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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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Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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