Somewhat Favorable Press Coverage Somewhat Unlikely to Affect F5 Networks (FFIV) Stock Price
Media stories about F5 Networks (NASDAQ:FFIV) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. F5 Networks earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the network technology company an impact score of 45.8676429313809 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- F5 Networks Inc (FFIV) Closes Above PSAR (cantoncaller.com)
- F5 Networks, Inc. (NasdaqGS:FFIV) QI Value Rolls to 36.00000 (cantoncaller.com)
- F5 Networks Inc (FFIV) Near-Term Moving Average Signal Update (cantoncaller.com)
- Validea’s Top Five Technology Stocks Based On Martin Zweig – 9/2/2018 (nasdaq.com)
- F5 Networks, Inc. (NasdaqGS:FFIV)’s Year Over Year Cash Flow Moves 0.05270 (zeelandpress.com)
FFIV has been the subject of several analyst reports. Standpoint Research downgraded shares of F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a report on Monday, June 18th. Morgan Stanley downgraded shares of F5 Networks from an “equal weight” rating to an “underweight” rating and set a $130.00 price target for the company. in a report on Thursday, July 19th. Bank of America lifted their price target on shares of F5 Networks from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 11th. Credit Suisse Group set a $188.00 price target on shares of F5 Networks and gave the company a “buy” rating in a report on Monday, May 21st. Finally, BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. F5 Networks has an average rating of “Hold” and an average target price of $164.68.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.05. The firm had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $540.59 million. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 EPS. equities research analysts forecast that F5 Networks will post 7.64 earnings per share for the current fiscal year.
In other F5 Networks news, CEO Francois Locoh-Donou sold 6,666 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $177.13, for a total value of $1,180,748.58. Following the completion of the sale, the chief executive officer now owns 10,037 shares in the company, valued at approximately $1,777,853.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mcadam sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $176.60, for a total transaction of $1,766,000.00. Following the completion of the sale, the director now owns 16,416 shares of the company’s stock, valued at approximately $2,899,065.60. The disclosure for this sale can be found here. Insiders sold a total of 33,993 shares of company stock valued at $5,972,820 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.
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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