F5 (FFIV) to Release Quarterly Earnings on Tuesday

F5 (NASDAQ:FFIV) is projected 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

F5 Stock Up 0.0 %

Shares of FFIV opened at $263.95 on Tuesday. F5 has a 52-week low of $159.01 and a 52-week high of $267.74. The company has a 50-day simple moving average of $253.59 and a 200-day simple moving average of $221.95. The company has a market capitalization of $15.47 billion, a PE ratio of 27.61, a P/E/G ratio of 3.44 and a beta of 1.06.

F5 declared that its Board of Directors has initiated a stock repurchase program on Monday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler lifted their price target on F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on shares of F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their price target on shares of F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $251.25.

Insiders Place Their Bets

In other F5 news, Director Alan Higginson sold 825 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at $2,369,407.14. This trade represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

About F5

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.