F5 (FFIV) Expected to Announce Earnings on Tuesday

F5 (NASDAQ:FFIV) is anticipated to announce its earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $3.36 per share and revenue of $716,478.53 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.22. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. F5’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.76 earnings per share. On average, analysts expect F5 to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

F5 Stock Up 0.0 %

NASDAQ FFIV opened at $272.99 on Monday. The firm has a 50-day moving average price of $255.88 and a two-hundred day moving average price of $224.74. F5 has a 12-month low of $159.01 and a 12-month high of $274.64. The company has a market capitalization of $16.00 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.68 and a beta of 1.06.

F5 announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Alan Higginson sold 825 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the sale, the director now owns 9,882 shares in the company, valued at $2,369,407.14. The trade was a 7.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FFIV. JPMorgan Chase & Co. lifted their price objective on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Barclays upped their price objective on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on shares of F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Finally, Piper Sandler increased their price target on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $251.25.

About F5

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.