F5 (NASDAQ:FFIV) Releases Q4 2024 Earnings Guidance

F5 (NASDAQ:FFIV) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.380-3.500 for the period, compared to the consensus 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 Price Performance

FFIV stock traded up $0.25 during trading hours on Monday, reaching $177.59. 956,974 shares of the stock were exchanged, compared to its average volume of 483,668. The firm’s 50-day moving average is $171.19 and its 200-day moving average is $179.08. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.36 and a beta of 1.08. F5 has a 12 month low of $145.45 and a 12 month high of $199.49.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.40. The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, equities research analysts forecast that F5 will post 9.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several analyst reports. Evercore ISI decreased their price objective on F5 from $200.00 to $180.00 and set an in-line rating for the company in a report on Tuesday, April 30th. Barclays decreased their price objective on F5 from $206.00 to $189.00 and set an equal weight rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada decreased their price objective on F5 from $204.00 to $182.00 and set a sector perform rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on F5 from $197.00 to $205.00 and gave the company a neutral rating in a report on Thursday, April 11th. Finally, Needham & Company LLC restated a buy rating and issued a $220.00 price objective on shares of F5 in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $187.33.

Insiders Place Their Bets

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The disclosure for this sale can be found here. Insiders sold 11,766 shares of company stock worth $1,990,890 over the last three months. Insiders own 0.58% 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.