NASDAQ: #FFIV ) General Counsel Scot Frazier Rogers sold 1,291 shares of F5 Networks stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $109.47, for a total value of $141,325.77. Following the completion of the transaction, the general counsel now owns 4,342 shares in the company, valued at $475,318.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of brokerages have weighed in on FFIV. Zacks raised #F5Networks from a “sell” rating to a “hold” rating in a research report on Monday. Barclays reaffirmed a “hold” rating on shares of F5 Networks in a report on Friday, October 30th. Robert W. Baird reiterated a “hold” rating and issued a $120.00 price objective (down from $130.00) on shares of F5 Networks in a research note on Thursday, October 29th. #SunTrust decreased their price target on F5 Networks to $115.00 in a research report on Thursday, October 29th. Finally, #PiperJaffray reduced their price objective on F5 Networks from $133.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $126.88.
Shares of F5 Networks (NASDAQ:FFIV) traded up 0.29% during trading on Friday, hitting $109.92. The stock had a trading volume of 802,681 shares. F5 Networks has a 1-year low of $108.00 and a 1-year high of $136.11. The company has a market capitalization of $7.71 billion and a P/E ratio of 21.85. The firm has a 50-day moving average of $116.68 and a 200 day moving average of $122.38.
F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, October 28th. The network technology company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.10. The business earned $501.30 million during the quarter, compared to analyst estimates of $506.60 million. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Equities research analysts predict that F5 Networks will post $7.04 earnings per share for the current fiscal year.
F5 Networks, Inc. is the developer and provider of application delivery services. The Company’s core technology is a complete-proxy, programmable, software platform called TMOS (NASDAQ:FFIV). It helps organizations seamlessly scale cloud, data center, and software -defined networking installations to deliver programs to anyone, anywhere, at any given moment. Ensure quicker and more successful installations, reinforce security, and it works with many technology companies to improve manageability. Its programs include delivery and availability. It can remove the roadblocks in the network to economically and securely deliver applications which are open to users when and where they need them of one. It can also hasten one’s program response time, minimize latency and delays, and decrease the number of information round trips required to
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