Wall Street brokerages expect F5 Networks, Inc. (NASDAQ:FFIV) to report earnings per share of $2.57 for the current quarter, according to Zacks. Eight analysts have issued estimates for F5 Networks’ earnings, with the highest EPS estimate coming in at $2.60 and the lowest estimate coming in at $2.55. F5 Networks reported earnings per share of $2.44 in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, July 24th.
On average, analysts expect that F5 Networks will report full year earnings of $10.64 per share for the current financial year, with EPS estimates ranging from $10.55 to $10.69. For the next financial year, analysts expect that the firm will report earnings of $11.07 per share, with EPS estimates ranging from $10.66 to $11.34. Zacks Investment Research’s EPS averages are a mean 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 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. The business had revenue of $544.90 million during the quarter, compared to analyst estimates of $547.03 million. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. F5 Networks’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.31 earnings per share.
Shares of NASDAQ FFIV opened at $145.63 on Friday. The company has a fifty day moving average price of $140.22. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. F5 Networks has a one year low of $131.53 and a one year high of $199.71.
In other F5 Networks news, CFO Francis J. Pelzer sold 231 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $35,014.98. Following the sale, the chief financial officer now directly owns 902 shares in the company, valued at $136,725.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kara Lynn Sprague sold 678 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $102,771.24. Following the completion of the sale, the vice president now owns 6,531 shares in the company, valued at $989,968.98. The disclosure for this sale can be found here. Insiders sold 10,168 shares of company stock worth $1,546,472 over the last quarter. Company insiders own 0.22% of the company’s stock.
Large investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC grew its position in F5 Networks by 306.5% in the first quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 141 shares during the period. Global Trust Asset Management LLC bought a new stake in F5 Networks in the first quarter valued at $41,000. grace capital bought a new stake in shares of F5 Networks during the fourth quarter worth $49,000. Tortoise Index Solutions LLC bought a new stake in shares of F5 Networks during the first quarter worth $66,000. Finally, Omnia Family Wealth LLC grew its holdings in shares of F5 Networks by 43.8% during the fourth quarter. Omnia Family Wealth LLC now owns 450 shares of the network technology company’s stock worth $73,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
About F5 Networks
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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