Media coverage about F5 Networks (NASDAQ:FFIV) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. F5 Networks earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the network technology company an impact score of 46.2191777897042 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.
These are some of the media stories that may have effected Accern’s rankings:
- F5 Networks, Inc. (FFIV) Stock Price trades -12.27% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- F5 Networks, Inc. (FFIV) Earns “Hold” Rating from Needham & Company LLC (americanbankingnews.com)
- Neither buy nor sell rating on Tech Stock: F5 Networks, Inc. (FFIV) – Street Observer (press release) (streetobserver.com)
- F5 Networks (FFIV) and Its Competitors Head to Head Survey (americanbankingnews.com)
- Brokerages Expect F5 Networks, Inc. (FFIV) Will Announce Quarterly Sales of $537.13 Million (americanbankingnews.com)
Shares of F5 Networks (NASDAQ FFIV) traded down 0.25% during trading on Friday, reaching $116.62. 1,184,030 shares of the company traded hands. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50. The stock has a market capitalization of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16. The firm’s 50-day moving average is $117.99 and its 200-day moving average is $129.63.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same period in the previous year, the business posted $1.81 earnings per share. F5 Networks’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that F5 Networks will post $8.17 earnings per share for the current fiscal year.
A number of brokerages have issued reports on FFIV. Jefferies Group LLC restated a “hold” rating and set a $130.00 target price on shares of F5 Networks in a research report on Friday, June 16th. Piper Jaffray Companies lowered shares of F5 Networks from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research report on Tuesday. Finally, BidaskClub lowered shares of F5 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. F5 Networks has a consensus rating of “Hold” and an average price target of $130.81.
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In other news, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the sale, the chief executive officer now directly owns 2,636 shares in the company, valued at approximately $315,291.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Edward Julian Eames sold 4,378 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total transaction of $528,118.14. Following the completion of the sale, the chief operating officer now owns 35,088 shares of the company’s stock, valued at $4,232,665.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,312 shares of company stock valued at $2,675,607. 0.26% of the stock is currently owned by company insiders.
About F5 Networks
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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