Somewhat Favorable Media Coverage Somewhat Unlikely to Affect F5 Networks (FFIV) Share Price

News headlines about F5 Networks (NASDAQ:FFIV) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. F5 Networks earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the network technology company an impact score of 46.1199522505093 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of F5 Networks (NASDAQ FFIV) traded up $0.07 during midday trading on Tuesday, hitting $132.60. The company had a trading volume of 743,100 shares, compared to its average volume of 790,209. The stock has a market cap of $8,306.79, a PE ratio of 20.51, a P/E/G ratio of 2.11 and a beta of 1.06. F5 Networks has a 1 year low of $114.63 and a 1 year high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. The firm had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 EPS. equities analysts expect that F5 Networks will post 6.7 EPS for the current fiscal year.

F5 Networks declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the network technology company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

FFIV has been the subject of a number of recent analyst reports. Jefferies Group restated a “hold” rating and set a $124.00 price objective on shares of F5 Networks in a report on Thursday, August 31st. Oppenheimer restated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Standpoint Research initiated coverage on F5 Networks in a report on Monday, October 2nd. They set an “accumulate” rating and a $160.00 price objective for the company. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $125.94.

In other news, CEO Francois Locoh-Donou sold 1,714 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $119.87, for a total value of $205,457.18. Following the transaction, the chief executive officer now directly owns 2,119 shares of the company’s stock, valued at $254,004.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edward Julian Eames sold 15,489 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $120.84, for a total value of $1,871,690.76. Following the completion of the transaction, the chief operating officer now directly owns 21,587 shares in the company, valued at $2,608,573.08. The disclosure for this sale can be found here. Insiders sold 35,712 shares of company stock worth $4,316,345 over the last three months. Corporate insiders own 0.26% of the company’s stock.

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F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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