F5 Networks (FFIV) Receives Media Impact Rating of 0.18
Media coverage about F5 Networks (NASDAQ:FFIV) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. F5 Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the network technology company an impact score of 46.6563693246791 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Swedbank Position in F5 Networks INC (FFIV) Has Trimmed by $80.90 Million – Reurope (reurope.com)
- Checking on Chart Signals for F5 Networks Inc (FFIV) – SCY News (scynews.com)
- John Dilullo the EVP – Worldwide Sales of F5 Networks, Inc. (FFIV) Sold 3801 Shares of the Company; Profile of 1 … – Economistan (economistan.com)
- F5 Networks (FFIV) Research Coverage Started at Goldman Sachs Group (americanbankingnews.com)
- Insider Selling: F5 Networks, Inc. (FFIV) CEO Sells 1,675 Shares of Stock (americanbankingnews.com)
Several research analysts have recently commented on FFIV shares. Drexel Hamilton reissued a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Monday, October 23rd. Nomura reduced their target price on F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, October 16th. Zacks Investment Research downgraded F5 Networks from a “buy” rating to a “hold” rating in a report on Monday, January 15th. BMO Capital Markets raised F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 price objective on the stock in a report on Thursday, January 4th. Finally, Deutsche Bank reaffirmed a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. F5 Networks presently has a consensus rating of “Hold” and a consensus price target of $140.30.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.05 by $0.21. The company had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. research analysts forecast that F5 Networks will post 7.23 earnings per share for the current year.
F5 Networks announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In related news, CFO Andrew Reinland sold 1,995 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $144.83, for a total value of $288,935.85. Following the completion of the sale, the chief financial officer now owns 18,930 shares in the company, valued at approximately $2,741,631.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scot Frazier Rogers sold 2,738 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $144.83, for a total transaction of $396,544.54. Following the completion of the sale, the executive vice president now owns 9,072 shares of the company’s stock, valued at approximately $1,313,897.76. The disclosure for this sale can be found here. Insiders have sold a total of 10,209 shares of company stock valued at $1,467,119 in the last quarter. Corporate insiders own 0.30% of the company’s stock.
F5 Networks Company Profile
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.
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