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.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on FFIV. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $178.00 price target on shares of F5 in a research report on Thursday, July 14th. Bank of America lowered shares of F5 from a "buy" rating to a "neutral" rating and decreased their target price for the company from $215.00 to $170.00 in a research note on Wednesday, July 20th. Morgan Stanley cut their price objective on F5 from $235.00 to $205.00 and set an "equal weight" rating for the company in a report on Wednesday, July 13th. Credit Suisse Group lifted their price objective on F5 from $167.00 to $171.00 and gave the company a "neutral" rating in a research report on Tuesday, July 26th. Finally, Loop Capital dropped their target price on F5 from $273.00 to $238.00 and set a "buy" rating on the stock in a research report on Wednesday, April 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, F5 presently has an average rating of "Hold" and an average price target of $211.38.
F5 Stock Up 0.4 %
NASDAQ:FFIV opened at $173.26 on Tuesday. The company's 50 day moving average is $158.27 and its 200-day moving average is $179.73. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 5.48 and a beta of 1.15. F5 has a 12 month low of $142.43 and a 12 month high of $249.00.
F5 (NASDAQ:FFIV - Get Rating) last released its earnings results on Monday, July 25th. The network technology company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.34. The firm had revenue of $674.49 million during the quarter, compared to analyst estimates of $667.81 million. F5 had a net margin of 12.83% and a return on equity of 19.06%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 EPS. Research analysts predict that F5 will post 6.72 EPS for the current fiscal year.
Insider Buying and Selling
In other F5 news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $164.24, for a total value of $27,920.80. Following the transaction, the executive vice president now directly owns 30,149 shares of the company's stock, valued at approximately $4,951,671.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other F5 news, EVP Chad Michael Whalen sold 257 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $157.68, for a total value of $40,523.76. Following the completion of the sale, the executive vice president now directly owns 8,161 shares of the company's stock, valued at approximately $1,286,826.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ana Maria White sold 170 shares of the business's 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 transaction, the executive vice president now owns 30,149 shares in the company, valued at approximately $4,951,671.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,819 shares of company stock valued at $1,135,347. Insiders own 0.31% of the company's stock.
