F5 (NASDAQ:FFIV) Releases Q3 Earnings Guidance

F5 (NASDAQ:FFIV) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.89-$3.01 for the period, compared to the consensus estimate of $3.09. The company issued revenue guidance of $675-$695 million, compared to the consensus revenue estimate of $695.85 million. F5 also updated its FY 2024 guidance to 12.520-12.750 EPS.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. KeyCorp upped their target price on shares of F5 from $186.00 to $204.00 and gave the company an overweight rating in a research report on Thursday, January 18th. Needham & Company LLC reiterated a buy rating and set a $220.00 target price on shares of F5 in a research report on Tuesday, February 13th. The Goldman Sachs Group upped their target price on shares of F5 from $156.00 to $179.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Piper Sandler upped their target price on shares of F5 from $170.00 to $187.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Finally, Barclays upped their target price on shares of F5 from $163.00 to $206.00 and gave the company an equal weight rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, F5 has an average rating of Hold and a consensus target price of $192.22.

F5 Trading Up 0.1 %

Shares of FFIV stock traded up $0.19 on Monday, hitting $182.13. The stock had a trading volume of 1,030,164 shares, compared to its average volume of 443,347. F5 has a twelve month low of $129.93 and a twelve month high of $199.49. The firm has a market cap of $10.71 billion, a P/E ratio of 23.51, a PEG ratio of 2.68 and a beta of 1.11. The company has a fifty day moving average price of $187.66 and a two-hundred day moving average price of $176.53.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that F5 will post 9.59 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the transaction, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,201 shares of company stock valued at $1,908,065. Company insiders own 0.58% of the company’s stock.

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.