DA Davidson Weighs in on F5 Networks, Inc.’s Q1 2019 Earnings (FFIV)

F5 Networks, Inc. (NASDAQ:FFIV) – Equities research analysts at DA Davidson lifted their Q1 2019 EPS estimates for shares of F5 Networks in a research note issued on Wednesday. DA Davidson analyst M. Kelleher now expects that the network technology company will earn $1.75 per share for the quarter, up from their previous estimate of $1.73. DA Davidson currently has a “Buy” rating and a $155.00 target price on the stock. DA Davidson also issued estimates for F5 Networks’ Q2 2019 earnings at $1.82 EPS, Q3 2019 earnings at $1.96 EPS, Q4 2019 earnings at $1.99 EPS and FY2019 earnings at $7.52 EPS.

Several other equities analysts also recently commented on the company. Morgan Stanley lowered their price objective on F5 Networks from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, October 9th. Drexel Hamilton restated a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research report on Monday, October 23rd. Nomura lowered their price objective on F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, October 16th. Standpoint Research began coverage on F5 Networks in a research report on Monday, October 2nd. They issued an “accumulate” rating and a $160.00 price objective on the stock. Finally, Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $132.16.

Shares of F5 Networks (NASDAQ FFIV) traded up $0.76 during trading on Thursday, hitting $138.76. The stock had a trading volume of 718,491 shares, compared to its average volume of 424,088. F5 Networks has a fifty-two week low of $114.63 and a fifty-two week high of $149.50. The stock has a market capitalization of $8,637.91, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The business had revenue of $538.00 million for the quarter, compared to the consensus estimate of $534.71 million. During the same period in the previous year, the business earned $2.11 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its stake in F5 Networks by 1.1% during the second quarter. Advisor Group Inc. now owns 13,304 shares of the network technology company’s stock worth $1,683,000 after acquiring an additional 144 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in F5 Networks by 23.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after acquiring an additional 161 shares during the last quarter. HighTower Advisors LLC increased its stake in F5 Networks by 0.9% during the second quarter. HighTower Advisors LLC now owns 18,592 shares of the network technology company’s stock worth $2,394,000 after acquiring an additional 166 shares during the last quarter. Sentry Investment Management LLC increased its stake in F5 Networks by 3.5% during the second quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock worth $689,000 after acquiring an additional 181 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in F5 Networks by 2.2% during the second quarter. Nordea Investment Management AB now owns 9,303 shares of the network technology company’s stock worth $1,182,000 after acquiring an additional 196 shares during the last quarter. 94.87% of the stock is currently owned by institutional investors.

In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the sale, the chief operating officer now directly owns 21,587 shares of the company’s stock, valued at $2,608,573.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Benjamin Gibson sold 932 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total value of $111,392.64. Following the sale, the chief marketing officer now directly owns 1,651 shares in the company, valued at $197,327.52. The disclosure for this sale can be found here. Insiders sold 35,712 shares of company stock worth $4,316,345 over the last quarter. 0.26% of the stock is owned by company insiders.

F5 Networks announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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About F5 Networks

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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