F5 Networks (FFIV) Reaches New 52-Week Low at $140.63

Share on StockTwits

F5 Networks, Inc. (NASDAQ:FFIV)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $140.63 and last traded at $142.78, with a volume of 263196 shares. The stock had previously closed at $141.97.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank decreased their price target on shares of F5 Networks from $115.00 to $110.00 and set a “sell” rating for the company in a research note on Tuesday, March 12th. JPMorgan Chase & Co. downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $210.00 to $183.00 in a research note on Tuesday, March 12th. Finally, William Blair reissued a “market perform” rating on shares of F5 Networks in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. F5 Networks has a consensus rating of “Hold” and a consensus target price of $173.99.

The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.85 and a beta of 0.91.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.01. The business had revenue of $544.90 million for the quarter, compared to analysts’ expectations of $547.03 million. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 earnings per share. Equities analysts forecast that F5 Networks, Inc. will post 8.59 earnings per share for the current year.

In other news, SVP Ryan C. Kearny sold 3,825 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $153.99, for a total transaction of $589,011.75. Following the sale, the senior vice president now owns 10,978 shares in the company, valued at $1,690,502.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas Dean Fountain sold 545 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $171.60, for a total transaction of $93,522.00. Following the sale, the executive vice president now owns 763 shares in the company, valued at approximately $130,930.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,154 shares of company stock worth $1,721,833. Corporate insiders own 0.22% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in shares of F5 Networks by 2.5% during the third quarter. Vanguard Group Inc now owns 6,537,476 shares of the network technology company’s stock valued at $1,303,703,000 after buying an additional 158,995 shares during the last quarter. BlackRock Inc. boosted its holdings in F5 Networks by 1.4% in the first quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock worth $855,052,000 after purchasing an additional 74,802 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in F5 Networks by 5.5% in the first quarter. Renaissance Technologies LLC now owns 2,609,774 shares of the network technology company’s stock worth $409,552,000 after purchasing an additional 135,300 shares during the last quarter. Bank of Montreal Can boosted its holdings in F5 Networks by 6.7% in the first quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock worth $229,293,000 after purchasing an additional 92,149 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in F5 Networks by 6.1% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,311,316 shares of the network technology company’s stock worth $205,784,000 after purchasing an additional 75,676 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.tickerreport.com/banking-finance/4344738/f5-networks-ffiv-reaches-new-52-week-low-at-140-63.html.

About F5 Networks (NASDAQ:FFIV)

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.

Read More: What is a blue-chip stock?

Receive News & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Alexion Pharmaceuticals  Earns Neutral Rating from Analysts at Goldman Sachs Group
Alexion Pharmaceuticals Earns Neutral Rating from Analysts at Goldman Sachs Group
Boingo Wireless Inc  Insider Sells $253,141.56 in Stock
Boingo Wireless Inc Insider Sells $253,141.56 in Stock
Keybank National Association OH Raises Position in Diageo plc
Keybank National Association OH Raises Position in Diageo plc
Great West Life Assurance Co. Can Has $51.29 Million Stake in Hilton Hotels Co.
Great West Life Assurance Co. Can Has $51.29 Million Stake in Hilton Hotels Co.
Great West Life Assurance Co. Can Has $67.94 Million Holdings in Taiwan Semiconductor Mfg. Co. Ltd.
Great West Life Assurance Co. Can Has $67.94 Million Holdings in Taiwan Semiconductor Mfg. Co. Ltd.
Pinnacle Wealth Planning Services Inc. Buys Shares of 3,248 Cadence Design Systems Inc
Pinnacle Wealth Planning Services Inc. Buys Shares of 3,248 Cadence Design Systems Inc


© 2006-2019 Ticker Report