Press coverage about F5 Networks (NASDAQ:FFIV) has trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. F5 Networks earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the network technology company an impact score of 46.6118317297373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
Shares of FFIV traded down $0.80 during mid-day trading on Friday, reaching $156.96. The company had a trading volume of 554,701 shares, compared to its average volume of 675,302. F5 Networks has a 52-week low of $114.63 and a 52-week high of $161.58. The company has a market capitalization of $9,707.04, a price-to-earnings ratio of 24.30, a PEG ratio of 2.36 and a beta of 1.06.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $521.07 million. During the same quarter in the prior year, the business earned $1.98 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that F5 Networks will post 7.32 EPS for the current fiscal year.
A number of brokerages have recently weighed in on FFIV. MKM Partners increased their price objective on F5 Networks from $133.00 to $156.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Piper Jaffray reissued a “neutral” rating and issued a $146.00 price objective on shares of F5 Networks in a report on Wednesday, January 10th. BidaskClub raised F5 Networks from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. DA Davidson reissued a “buy” rating and issued a $167.00 price objective on shares of F5 Networks in a report on Thursday, January 25th. Finally, Deutsche Bank reissued a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $142.26.
In other F5 Networks news, Director John Mcadam sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $143.99, for a total transaction of $3,599,750.00. Following the transaction, the director now owns 56,312 shares in the company, valued at $8,108,364.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Reinland sold 1,995 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $144.83, for a total value of $288,935.85. Following the transaction, the chief financial officer now owns 18,930 shares in the company, valued at approximately $2,741,631.90. The disclosure for this sale can be found here. Insiders have sold 50,172 shares of company stock worth $7,274,542 in the last quarter. 0.26% of the stock is currently owned by company insiders.
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F5 Networks Company Profile
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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