F5 (FFIV) to Release Earnings on Tuesday

F5 (NASDAQ:FFIV) is anticipated to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect F5 to post earnings of $3.36 per share and revenue of $716,478.53 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.45 by $0.22. The business had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 EPS. On average, analysts expect F5 to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

F5 Price Performance

Shares of F5 stock opened at $272.99 on Friday. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.68 and a beta of 1.06. The stock’s 50-day moving average is $255.88 and its 200-day moving average is $224.38. F5 has a one year low of $159.01 and a one year high of $274.64.

F5 announced that its board has approved a stock buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other F5 news, Director Alan Higginson sold 825 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the transaction, the director now owns 9,882 shares in the company, valued at $2,369,407.14. This trade represents a 7.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of F5 from $240.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. StockNews.com upgraded shares of F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Barclays lifted their target price on F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Piper Sandler raised their target price on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their price objective on shares of F5 from $230.00 to $262.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $251.25.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.