F5 (NASDAQ:FFIV) Issues Quarterly Earnings Results

F5 (NASDAQ:FFIV) posted its earnings results on Tuesday. The network technology company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.16, FiscalAI reports. F5 had a return on equity of 21.54% and a net margin of 21.95%. The business had revenue of $917.43 million during the quarter, compared to analyst estimates of $884.03 million.

F5 Stock Performance

FFIV traded down $2.24 during trading on Tuesday, reaching $459.36. The stock had a trading volume of 1,488,513 shares, compared to its average volume of 709,290. The stock has a market cap of $26.01 billion, a PE ratio of 36.57, a PEG ratio of 4.31 and a beta of 1.03. F5 has a one year low of $223.76 and a one year high of $483.30. The business has a 50-day moving average of $429.09 and a 200-day moving average of $360.44.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 3,782 shares of F5 stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total transaction of $1,559,848.08. Following the completion of the sale, the chief executive officer owned 146,989 shares of the company’s stock, valued at $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Maddison sold 204 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $406.24, for a total value of $82,872.96. Following the completion of the transaction, the insider owned 1,149 shares of the company’s stock, valued at $466,769.76. The trade was a 15.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 16,829 shares of company stock valued at $6,815,302. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FFIV shares. Barclays increased their price target on shares of F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Royal Bank Of Canada upped their target price on shares of F5 from $508.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Finally, Zacks Research cut shares of F5 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $426.00.

F5 Company Profile

F5, Inc (NASDAQ: FFIV) provides application delivery, security and traffic management solutions for enterprises, service providers and public-sector organizations. Its offerings are designed to help customers secure, optimize and manage applications and application programming interfaces (APIs) across data centers, private and public clouds, and edge environments.

The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud services.