F5 - FFIV Stock Forecast, Price & News

F5, Inc. provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud. It offers application security and delivery products, including BIG-IP appliances and VIPRION chassis and related software modules and software-only Virtual Editions; Local Traffic Manager and DNS Services; Advanced Firewall Manager and Policy Enforcement Manager that leverage the unique performance characteristics of its hardware and software architecture; Application Security Manager and Access Policy Manager; NGINX Plus and NGINX Controller; Shape Defense and Enterprise Defense; Secure Web Gateway, and Silverline DDoS and Application security offerings; and online fraud and abuse prevention solutions. The company also provides a range of professional services, including consulting, training, installation, maintenance, and other technical support services. F5, Inc. sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, and systems integrators in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington.

Analysts Set New Price Targets

Several equities research analysts recently commented on FFIV shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $178.00 price target on shares of F5 in a report on Thursday, July 14th. Bank of America lowered F5 from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $215.00 to $170.00 in a research report on Wednesday, July 20th. Piper Sandler lowered F5 from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $197.00 to $173.00 in a research report on Wednesday, July 13th. Credit Suisse Group raised their price target on F5 from $167.00 to $171.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 26th. Finally, Royal Bank of Canada lowered their price target on F5 from $210.00 to $200.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, F5 currently has a consensus rating of "Hold" and a consensus price target of $211.38.

F5 Stock Down 1.6 %

F5 stock traded down $2.70 during midday trading on Wednesday, reaching $170.25. The company's stock had a trading volume of 260,887 shares, compared to its average volume of 604,488. F5 has a fifty-two week low of $142.43 and a fifty-two week high of $249.00. The company has a market cap of $10.14 billion, a P/E ratio of 30.40, a P/E/G ratio of 5.49 and a beta of 1.15. The business has a 50-day simple moving average of $158.49 and a 200-day simple moving average of $179.62.

F5 (NASDAQ:FFIV - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The network technology company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.34. F5 had a return on equity of 19.06% and a net margin of 12.83%. The company had revenue of $674.49 million for the quarter, compared to analysts' expectations of $667.81 million. During the same period last year, the firm earned $1.98 earnings per share. F5's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that F5 will post 6.72 earnings per share for the current year.

Insider Buying and Selling at F5

In other F5 news, EVP Scot Frazier Rogers sold 878 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $165.56, for a total value of $145,361.68. Following the sale, the executive vice president now directly owns 10,201 shares in the company, valued at $1,688,877.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $164.24, for a total transaction of $27,920.80. Following the sale, the executive vice president now owns 30,149 shares in the company, valued at $4,951,671.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 878 shares of F5 stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $165.56, for a total value of $145,361.68. Following the sale, the executive vice president now owns 10,201 shares in the company, valued at approximately $1,688,877.56. The disclosure for this sale can be found here. Insiders have sold a total of 7,319 shares of company stock worth $1,221,322 over the last ninety days. Corporate insiders own 0.31% of the company's stock.