F5 Networks (NASDAQ:FFIV) announced its quarterly earnings data on Monday. The network technology company reported $2.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.12, RTT News reports. F5 Networks had a return on equity of 31.79% and a net margin of 19.07%. The company had revenue of $569.31 million for the quarter, compared to analyst estimates of $565.71 million. During the same quarter in the previous year, the company earned $2.70 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. F5 Networks updated its Q2 2020
After-Hours guidance to 2.14-2.17 EPS and its Q2 guidance to $2.14-2.17 EPS.

Shares of F5 Networks stock traded down $3.12 during trading on Monday, hitting $132.70. 1,654,312 shares of the company were exchanged, compared to its average volume of 650,585. F5 Networks has a fifty-two week low of $121.36 and a fifty-two week high of $173.44. The firm has a 50 day moving average price of $138.12 and a 200 day moving average price of $139.03. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 2.35 and a beta of 1.03.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded F5 Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Evercore ISI began coverage on F5 Networks in a report on Friday, December 20th. They set a “hold” rating and a $150.00 price objective on the stock. Goldman Sachs Group reiterated a “sell” rating and issued a $117.00 price objective on shares of F5 Networks in a research report on Friday, December 20th. Cowen cut their price objective on F5 Networks from $185.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, Barclays boosted their target price on shares of F5 Networks from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $155.57.

In other F5 Networks news, CEO Francois Locoh-Donou sold 250 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $137.03, for a total value of $34,257.50. Following the transaction, the chief executive officer now directly owns 44,339 shares in the company, valued at approximately $6,075,773.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 236 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $143.56, for a total transaction of $33,880.16. Following the sale, the executive vice president now directly owns 2,462 shares in the company, valued at $353,444.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,101 shares of company stock worth $2,923,960. 0.22% of the stock is owned by corporate insiders.

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 for F5 Networks (NASDAQ:FFIV)

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