F5 Networks (NASDAQ:FFIV) released its quarterly earnings data on Wednesday. The network technology company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.17, Bloomberg Earnings reports. The firm had revenue of $543.80 million during the quarter, compared to the consensus estimate of $547.39 million. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 earnings per share. F5 Networks updated its Q2 2019 guidance to $2.53-2.56 EPS and its Q2 guidance to $2.53-2.56 EPS.

F5 Networks stock traded up $2.34 during trading on Wednesday, hitting $159.64. 1,162,505 shares of the company were exchanged, compared to its average volume of 854,305. F5 Networks has a 52 week low of $133.14 and a 52 week high of $199.71. The company has a market capitalization of $9.62 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89.

FFIV has been the subject of several recent research reports. Credit Suisse Group restated a “buy” rating and set a $218.00 price objective on shares of F5 Networks in a report on Thursday, December 20th. BidaskClub upgraded F5 Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research restated a “buy” rating and set a $189.00 price objective on shares of F5 Networks in a report on Tuesday, November 13th. Finally, Standpoint Research upgraded F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $173.49.

In related news, SVP Ryan C. Kearny sold 8,226 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $177.90, for a total transaction of $1,463,405.40. Following the completion of the sale, the senior vice president now owns 14,139 shares in the company, valued at $2,515,328.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah L. Bevier sold 2,540 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $181.25, for a total value of $460,375.00. Following the sale, the director now owns 7,152 shares of the company’s stock, valued at approximately $1,296,300. The disclosure for this sale can be found here. Insiders have sold 48,012 shares of company stock valued at $8,473,168 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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F5 Networks Company Profile

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.

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Earnings History for F5 Networks (NASDAQ:FFIV)

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