F5, Inc. (NASDAQ:FFIV) Expected to Post Quarterly Sales of $668.75 Million

Wall Street brokerages predict that F5, Inc. (NASDAQ:FFIV – Get Rating) will post sales of $668.75 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for F5’s earnings, with the lowest sales estimate coming in at $664.20 million and the highest estimate coming in at $675.40 million. F5 reported sales of $651.52 million in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that F5 will report full year sales of $2.68 billion for the current year, with estimates ranging from $2.67 billion to $2.70 billion. For the next financial year, analysts anticipate that the business will post sales of $2.94 billion, with estimates ranging from $2.86 billion to $3.00 billion. Zacks’ sales averages are an average based on a survey of analysts that follow F5.

F5 (NASDAQ:FFIV – Get Rating) last released its earnings results on Tuesday, April 26th. The network technology company reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.12. The firm had revenue of $634.22 million for the quarter, compared to analysts’ expectations of $634.20 million. F5 had a return on equity of 19.98% and a net margin of 13.19%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS.

FFIV has been the topic of several research reports. Loop Capital cut their target price on F5 from $273.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. KeyCorp started coverage on F5 in a research report on Tuesday, January 18th. They set an “overweight” rating and a $307.00 price target on the stock. Piper Sandler lowered their price target on F5 from $227.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 27th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 28th. Finally, Zacks Investment Research lowered F5 from a “hold” rating to a “sell” rating and set a $177.00 price target on the stock. in a research report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, F5 has a consensus rating of “Buy” and an average target price of $228.15.

In other F5 news, CEO Francois Locoh-Donou sold 1,042 shares of the company’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $203.83, for a total value of $212,390.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 200 shares of the company’s stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $210.00, for a total value of $42,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,004 shares of company stock worth $1,992,785. Insiders own 0.31% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FFIV. Mutual of America Capital Management LLC lifted its holdings in shares of F5 by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 7,964 shares of the network technology company’s stock valued at $1,949,000 after purchasing an additional 49 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of F5 by 0.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,871 shares of the network technology company’s stock valued at $2,559,000 after purchasing an additional 57 shares in the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of F5 by 0.7% in the third quarter. Zeke Capital Advisors LLC now owns 8,996 shares of the network technology company’s stock valued at $1,788,000 after purchasing an additional 65 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of F5 by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,334 shares of the network technology company’s stock valued at $862,000 after purchasing an additional 72 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of F5 by 1.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,558 shares of the network technology company’s stock valued at $1,502,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

NASDAQ FFIV opened at $177.92 on Thursday. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 4.86 and a beta of 1.18. The stock’s 50 day moving average price is $199.95 and its two-hundred day moving average price is $214.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.98. F5 has a 52 week low of $166.02 and a 52 week high of $249.00.

F5 Company Profile (Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

Further Reading