F5 (NASDAQ:FFIV) Issues Q4 2024 Earnings Guidance

F5 (NASDAQ:FFIV) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 3.380-3.500 for the period, compared to the consensus EPS estimate of 3.330. The company issued revenue guidance of $720.0 million-$740.0 million, compared to the consensus revenue estimate of $717.4 million. F5 also updated its FY 2024 guidance to 13.100-13.100 EPS.

F5 Stock Up 11.6 %

F5 stock traded up $20.52 during mid-day trading on Tuesday, reaching $198.11. 1,120,751 shares of the company’s stock were exchanged, compared to its average volume of 487,537. The firm has a market capitalization of $11.61 billion, a PE ratio of 23.46, a P/E/G ratio of 2.36 and a beta of 1.08. The business’s fifty day simple moving average is $171.26 and its 200 day simple moving average is $179.09. F5 has a one year low of $145.45 and a one year high of $199.80.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.39. F5 had a net margin of 17.91% and a return on equity of 21.41%. The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. During the same quarter last year, the business posted $2.46 EPS. F5’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that F5 will post 9.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on FFIV. Piper Sandler increased their target price on F5 from $167.00 to $186.00 and gave the stock a neutral rating in a research report on Tuesday. Evercore ISI raised their target price on F5 from $180.00 to $210.00 and gave the stock an in-line rating in a research note on Tuesday. Royal Bank of Canada lifted their target price on F5 from $182.00 to $205.00 and gave the company a sector perform rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of F5 from $210.00 to $215.00 and gave the stock a neutral rating in a report on Tuesday. Finally, Needham & Company LLC boosted their price objective on shares of F5 from $220.00 to $235.00 and gave the company a buy rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $200.89.

Insider Transactions at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $170.00, for a total transaction of $85,000.00. Following the transaction, the chief financial officer now owns 31,608 shares of the company’s stock, valued at approximately $5,373,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Scot Frazier Rogers sold 3,315 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the sale, the executive vice president now directly owns 19,493 shares in the company, valued at approximately $3,283,790.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $170.00, for a total value of $85,000.00. Following the transaction, the chief financial officer now owns 31,608 shares in the company, valued at $5,373,360. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,766 shares of company stock worth $1,990,890. 0.58% of the stock is currently owned by insiders.

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.