F5 Networks, Inc. (NASDAQ:FFIV) – Equities researchers at DA Davidson upped their Q2 2018 EPS estimates for shares of F5 Networks in a note issued to investors on Wednesday. DA Davidson analyst M. Kelleher now expects that the network technology company will post earnings per share of $1.67 for the quarter, up from their prior forecast of $1.66. DA Davidson currently has a “Buy” rating and a $155.00 target price on the stock. DA Davidson also issued estimates for F5 Networks’ Q3 2018 earnings at $1.75 EPS.

A number of other brokerages have also recently issued reports on FFIV. Zacks Investment Research cut shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Companies restated a “neutral” rating and issued a $146.00 target price on shares of F5 Networks in a research report on Wednesday, January 10th. Bank of America upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Friday, January 5th. Deutsche Bank restated a “sell” rating on shares of F5 Networks in a research report on Friday, January 5th. Finally, BMO Capital Markets upgraded shares of F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 target price on the stock in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. F5 Networks currently has an average rating of “Hold” and an average price target of $132.16.

Shares of F5 Networks (NASDAQ:FFIV) traded down $1.55 during trading hours on Friday, reaching $138.00. 568,200 shares of the company were exchanged, compared to its average volume of 590,992. The company has a market capitalization of $8,820.00, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. F5 Networks has a fifty-two week low of $114.63 and a fifty-two week high of $149.50.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. The business 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%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share.

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

In other news, COO Edward Julian Eames sold 15,489 shares of F5 Networks stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the transaction, the chief operating officer now owns 21,587 shares in the company, valued at $2,608,573.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $121.03, for a total transaction of $271,228.23. Following the transaction, the chief financial officer now owns 15,369 shares in the company, valued at approximately $1,860,110.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,712 shares of company stock worth $4,316,345. 0.26% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FFIV. Neuberger Berman Group LLC acquired a new position in F5 Networks in the second quarter valued at $269,000. Franklin Resources Inc. lifted its holdings in F5 Networks by 9.4% in the second quarter. Franklin Resources Inc. now owns 22,740 shares of the network technology company’s stock valued at $2,889,000 after buying an additional 1,962 shares during the period. Teachers Advisors LLC lifted its holdings in F5 Networks by 11.4% in the second quarter. Teachers Advisors LLC now owns 158,802 shares of the network technology company’s stock valued at $20,177,000 after buying an additional 16,205 shares during the period. Amalgamated Bank lifted its holdings in F5 Networks by 50.7% in the second quarter. Amalgamated Bank now owns 7,608 shares of the network technology company’s stock valued at $967,000 after buying an additional 2,560 shares during the period. Finally, Laurion Capital Management LP acquired a new position in F5 Networks in the second quarter valued at $2,115,000. Institutional investors and hedge funds own 94.87% of the company’s stock.

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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.

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

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