What is Zacks Research’s Forecast for F5 FY2029 Earnings?

F5, Inc. (NASDAQ:FFIV) – Zacks Research issued their FY2029 EPS estimates for shares of F5 in a research note issued on Tuesday, November 10th. Zacks Research analyst Team expects that the network technology company will earn $17.88 per share for the year. Zacks Research has a “Hold” rating on the stock. The consensus estimate for F5’s current full-year earnings is $14.19 per share.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Wells Fargo & Company set a $500.00 price target on F5 in a report on Wednesday, October 28th. Evercore reaffirmed an “outperform” rating on shares of F5 in a report on Wednesday, October 28th. Weiss Ratings downgraded F5 from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, November 3rd. Finally, Wolfe Research lowered F5 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $443.00.

F5 Stock Down 0.1%

NASDAQ FFIV opened at $317.31 on Wednesday. F5 has a 12 month low of $223.76 and a 12 month high of $483.30. The company has a market capitalization of $17.97 billion, a P/E ratio of 25.32, a PEG ratio of 2.82 and a beta of 1.07. The company’s 50 day simple moving average is $418.34 and its 200 day simple moving average is $364.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Tuesday, October 27th. The network technology company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.16. The company had revenue of $917.43 million during the quarter, compared to analyst estimates of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.39 EPS.

F5 declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to buy back $1.50 billion in outstanding shares. This repurchase authorization permits the network technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CTO Michael Montoya sold 1,297 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $329.68, for a total value of $427,594.96. Following the completion of the sale, the chief technology officer directly owned 1,309 shares of the company’s stock, valued at $431,551.12. This represents a 49.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas Fountain sold 9,387 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $329.74, for a total transaction of $3,095,269.38. Following the sale, the executive vice president owned 8,060 shares of the company’s stock, valued at approximately $2,657,704.40. This represents a 53.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,261 shares of company stock valued at $10,263,863 over the last ninety days. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On F5

A number of institutional investors have recently modified their holdings of the stock. Mather Group LLC. increased its stake in shares of F5 by 2.5% in the third quarter. Mather Group LLC. now owns 1,365 shares of the network technology company’s stock worth $608,000 after acquiring an additional 33 shares during the last quarter. Hantz Financial Services Inc. boosted its position in F5 by 19.8% during the third quarter. Hantz Financial Services Inc. now owns 278 shares of the network technology company’s stock valued at $124,000 after purchasing an additional 46 shares during the last quarter. Kesler Norman & Wride LLC boosted its position in F5 by 1.4% during the first quarter. Kesler Norman & Wride LLC now owns 3,718 shares of the network technology company’s stock valued at $1,076,000 after purchasing an additional 52 shares during the last quarter. Allworth Financial LP boosted its position in F5 by 6.7% during the third quarter. Allworth Financial LP now owns 831 shares of the network technology company’s stock valued at $346,000 after purchasing an additional 52 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in F5 by 2.6% in the third quarter. MGO One Seven LLC now owns 2,056 shares of the network technology company’s stock valued at $915,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

About F5

F5, Inc. provides application delivery and security solutions that help organizations manage, protect and optimize applications across data centers, public clouds and edge environments. Its offerings serve businesses, government agencies and service providers around the world. The company’s products and services include BIG-IP application delivery and security software, NGINX technologies for application development and delivery, and F5 Distributed Cloud Services. These offerings support functions such as traffic management, web and API protection, application security and multicloud connectivity.