Wall Street brokerages forecast that F5 Networks, Inc. (NASDAQ:FFIV) will announce $2.57 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have provided estimates for F5 Networks’ earnings, with estimates ranging from $2.55 to $2.60. F5 Networks posted earnings per share of $2.44 during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is scheduled to announce its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that F5 Networks will report full-year earnings of $10.64 per share for the current fiscal year, with EPS estimates ranging from $10.55 to $10.69. For the next financial year, analysts forecast that the business will post earnings of $11.06 per share, with EPS estimates ranging from $10.66 to $11.34. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover F5 Networks.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.01. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The business had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. During the same period in the prior year, the business earned $2.31 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.

FFIV has been the subject of a number of analyst reports. Piper Jaffray Companies restated an “underweight” rating and set a $157.00 price objective on shares of F5 Networks in a research note on Thursday, January 24th. William Blair restated a “market perform” rating on shares of F5 Networks in a research note on Tuesday, March 12th. Deutsche Bank decreased their price objective on F5 Networks from $115.00 to $110.00 and set a “sell” rating for the company in a research note on Tuesday, March 12th. BidaskClub cut F5 Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Finally, Nomura decreased their price objective on F5 Networks to $155.00 and set a “neutral” rating for the company in a research note on Thursday, January 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. F5 Networks presently has an average rating of “Hold” and an average price target of $173.99.

Shares of NASDAQ FFIV opened at $142.61 on Tuesday. The firm has a market cap of $8.54 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.85 and a beta of 0.91. F5 Networks has a 1-year low of $140.63 and a 1-year high of $199.71.

In other F5 Networks news, CEO Francois Locoh-Donou sold 4,001 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $606,471.58. Following the completion of the sale, the chief executive officer now directly owns 32,041 shares in the company, valued at $4,856,774.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas Dean Fountain sold 188 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total value of $26,998.68. Following the completion of the sale, the executive vice president now owns 1,729 shares of the company’s stock, valued at $248,301.69. The disclosure for this sale can be found here. Insiders have sold a total of 11,154 shares of company stock valued at $1,721,833 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Swedbank raised its stake in F5 Networks by 11.8% in the first quarter. Swedbank now owns 892,194 shares of the network technology company’s stock valued at $140,012,000 after buying an additional 93,984 shares during the last quarter. Accident Compensation Corp acquired a new position in shares of F5 Networks in the fourth quarter valued at about $664,000. State of Tennessee Treasury Department increased its holdings in shares of F5 Networks by 11.2% in the fourth quarter. State of Tennessee Treasury Department now owns 203,872 shares of the network technology company’s stock valued at $33,033,000 after purchasing an additional 20,531 shares during the period. Flinton Capital Management LLC increased its holdings in shares of F5 Networks by 1.9% in the fourth quarter. Flinton Capital Management LLC now owns 176,400 shares of the network technology company’s stock valued at $28,582,000 after purchasing an additional 3,220 shares during the period. Finally, MUFG Securities EMEA plc increased its holdings in shares of F5 Networks by 140.7% in the fourth quarter. MUFG Securities EMEA plc now owns 28,400 shares of the network technology company’s stock valued at $4,602,000 after purchasing an additional 16,601 shares during the period. Institutional investors own 97.15% 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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Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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