Brokers Set Expectations for F5, Inc.’s Q3 2024 Earnings (NASDAQ:FFIV)

F5, Inc. (NASDAQ:FFIV) – Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for F5 in a research report issued to clients and investors on Thursday, July 25th. Zacks Research analyst S. Roy now expects that the network technology company will earn $2.23 per share for the quarter, down from their previous forecast of $2.25. The consensus estimate for F5’s current full-year earnings is $9.64 per share. Zacks Research also issued estimates for F5’s Q2 2025 earnings at $2.40 EPS, Q2 2026 earnings at $2.62 EPS and Q3 2026 earnings at $2.73 EPS.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. F5’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS.

A number of other research firms have also weighed in on FFIV. Evercore ISI reduced their price objective on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Piper Sandler restated a “neutral” rating and set a $167.00 price target (down from $187.00) on shares of F5 in a report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of F5 in a research report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reduced their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $187.33.

F5 Stock Performance

FFIV stock opened at $173.73 on Friday. The firm has a 50 day moving average price of $171.13 and a 200-day moving average price of $179.00. F5 has a 52-week low of $145.45 and a 52-week high of $199.49. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.26 and a beta of 1.08.

Insider Buying and Selling at F5

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the sale, the chief financial officer now directly owns 31,108 shares in the company, valued at $5,481,229.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $176.20, for a total transaction of $88,100.00. Following the transaction, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the sale, the executive vice president now directly owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,766 shares of company stock worth $1,990,890. Company insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On F5

Several institutional investors have recently made changes to their positions in FFIV. Commerce Bank grew its position in shares of F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after acquiring an additional 57 shares during the period. Tocqueville Asset Management L.P. increased its position in F5 by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after buying an additional 64 shares in the last quarter. Nisa Investment Advisors LLC increased its position in F5 by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after buying an additional 73 shares in the last quarter. Empirical Finance LLC lifted its position in shares of F5 by 3.6% during the 1st quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after buying an additional 74 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of F5 by 28.0% during the 4th quarter. Addison Advisors LLC now owns 357 shares of the network technology company’s stock valued at $64,000 after acquiring an additional 78 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.