F5 Networks (FFIV) Earns Daily News Impact Score of 0.20

Headlines about F5 Networks (NASDAQ:FFIV) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. F5 Networks earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the network technology company an impact score of 47.2624747840517 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

F5 Networks (NASDAQ:FFIV) traded up $0.01 during trading hours on Monday, reaching $132.37. The company’s stock had a trading volume of 254,100 shares, compared to its average volume of 788,989. F5 Networks has a 1 year low of $114.63 and a 1 year high of $149.50. The firm has a market capitalization of $8,410.00, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06.

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

F5 Networks declared that its board has initiated a share repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the network technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

FFIV has been the subject of a number of recent research reports. Jefferies Group restated a “hold” rating and set a $124.00 target price on shares of F5 Networks in a research report on Thursday, August 31st. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Needham & Company LLC reiterated 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 issued an “accumulate” rating and a $160.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $125.94.

In other news, EVP Edward Julian Eames sold 15,336 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $121.06, for a total transaction of $1,856,576.16. Following the completion of the transaction, the executive vice president now directly owns 43,824 shares of the company’s stock, valued at $5,305,333.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,714 shares of the company’s 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 disclosure for this sale can be found here. Over the last three months, insiders sold 35,712 shares of company stock valued at $4,316,345. 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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