November 30, 2016 - By Vivian Park
Bernstein has cut F5 Networks (FFIV) stock to Mkt Perform in a a note revealed to clients and investors on 30 November. FFIV’s old rating was Outperform.
Out of 3 analysts covering F5 Networks (FFIV), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. F5 Networks has been the topic of 3 analyst reports since October 27, 2016 according to StockzIntelligence Inc. The rating was upgraded by Piper Jaffray to “Overweight” on Thursday, October 27. Wunderlich maintained the shares of FFIV in a report on Thursday, October 27 with “Hold” rating. The firm has “Neutral” rating by Nomura given on Wednesday, November 9.
About 177,394 shares traded hands. F5 Networks, Inc. (FFIV) has risen 33.59% since April 27, 2016 and is uptrending. It has outperformed by 28.37% the S&P500.
Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on January, 25 after the close. They expect $1.53 earnings per share, up 15.91% or $0.21 from last year’s $1.32 per share. FFIV’s profit will be $100.10M for 22.98 P/E if the $1.53 EPS becomes a reality. After $1.69 actual earnings per share reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.08, from 0.91 in 2016Q1. The ratio worsened, as 29 funds sold all F5 Networks, Inc. shares owned while 190 reduced positions. 59 funds bought stakes while 141 increased positions. They now own 61.59 million shares or 6.46% less from 65.84 million shares in 2016Q1.
Perkins Investment Mgmt Ltd Liability Company has 0.87% invested in the company for 503,959 shares. The Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation has invested 0.07% in F5 Networks, Inc. (NASDAQ:FFIV). Blackrock Fund Advsr accumulated 0.03% or 1.16M shares. Todd Asset Limited Liability Corporation has invested 1.78% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). Tdam Usa holds 0.46% or 82,023 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt last reported 5,363 shares in the company. Strs Ohio has invested 0% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). Comml Bank Of New York Mellon Corporation reported 1.54 million shares or 0.05% of all its holdings. Oakbrook Limited Liability last reported 7,625 shares in the company. Lmr Partners Ltd Liability Partnership has 0.26% invested in the company for 14,620 shares. First Trust Advsrs L P, a Illinois-based fund reported 253,144 shares. Telos Cap Mngmt Inc last reported 12,735 shares in the company. Calamos Advsrs Ltd Liability Corporation, a Illinois-based fund reported 22,865 shares. Fdx Advsr Incorporated holds 0.04% or 7,098 shares in its portfolio. Mizuho Asset Coltd owns 831 shares or 0.02% of their US portfolio.
Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 16 insider sales for $10.21 million net activity. The insider Reinland Andrew sold 5,674 shares worth $697,571. EAMES EDWARD JULIAN had sold 6,489 shares worth $804,601. 1,660 F5 Networks, Inc. (NASDAQ:FFIV) shares with value of $227,386 were sold by Rogers Scot Frazier. 16,898 shares were sold by MCADAM JOHN, worth $2.36 million. On Friday, July 29 TRIEBES KARL D sold $718,197 worth of the stock or 5,840 shares. The insider DiLullo John D sold $781,667. HIGGINSON ALAN sold 3,000 shares worth $412,477.
F5 Networks, Inc. is a developer and well-known provider of software defined application services. The company has a market cap of $9.20 billion. The Firm 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. It has a 26.06 P/E ratio. The Company’s geographical divisions include the Americas ; Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC).
According to Zacks Investment Research, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow.”
F5 Networks, Inc., incorporated on February 26, 1996, is a developer and well-known provider of software defined application services. The Firm 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. The Company’s geographical divisions include the Americas (primarily the United States); Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC). The Company’s Traffic Management Operating System (TMOS) based offerings include software products for local and global traffic management, network and application security, access management, Web acceleration and various network and application services. These products are available as modules that can run individually or as part of an integrated solution on the Company’s purpose-built BIG-IP appliances and VIPRION chassis hardware, or as software-only Virtual Editions. The Firm also offers distributed denial-of-service (DDoS) protection, application security and other application services by subscription on its cloud Silverline platform.
More news for F5 Networks, Inc. (NASDAQ:FFIV) were recently published by: Fool.com, which released: “How F5 Networks, Inc. Gained 11% in October” on November 13, 2016. Profitconfidential.com‘s article titled: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190” and published on November 01, 2016 is yet another important article.
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By Vivian Park