F5 Networks (FFIV) Earning Somewhat Positive Press Coverage, Report Finds
Media headlines about F5 Networks (NASDAQ:FFIV) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. F5 Networks earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the network technology company an impact score of 46.2475007475256 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- F5 Networks, Inc. (FFIV) Holdings Trimmed by State of Tennessee Treasury Department (americanbankingnews.com)
- F5 Networks, Inc. (FFIV) Stake Lowered by UBS Asset Management Americas Inc. (americanbankingnews.com)
- F5 Networks (FFIV) Up 6.6% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- F5 Networks, Inc. (FFIV) Director Sells $3,599,750.00 in Stock (americanbankingnews.com)
- F5 Solutions Accelerate Service Provider Transition to IoT, 5G, and NFV Technologies (finance.yahoo.com)
FFIV has been the topic of a number of research reports. Cowen reissued a “buy” rating and set a $140.00 price objective on shares of F5 Networks in a report on Friday, October 27th. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Monday, December 11th. BMO Capital Markets raised F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 price objective on the stock in a report on Thursday, January 4th. Bank of America raised F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Friday, January 5th. Finally, Deutsche Bank reissued a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $140.30.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. During the same period in the previous year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts anticipate that F5 Networks will post 7.23 earnings per share for the current year.
In other news, Director Alan Higginson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $144.51, for a total transaction of $289,020.00. Following the transaction, the director now directly owns 11,310 shares of the company’s stock, valued at $1,634,408.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Reinland sold 1,995 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $144.83, for a total value of $288,935.85. Following the transaction, the chief financial officer now directly owns 18,930 shares in the company, valued at $2,741,631.90. The disclosure for this sale can be found here. Insiders have sold 37,209 shares of company stock worth $5,355,889 over the last three months. Insiders own 0.26% of the company’s stock.
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F5 Networks Company Profile
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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