Needham maintained its F5 Networks [FFIV] rating to the equivalent of Buy but changed the price target to $235.0 from $210, in a research note dated 2021-01-08. That figure represents around a 30.48% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Colliers Securities’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in late November. Meanwhile, JP Morgan had raised its rating on FFIV to “an Overweight” from the earlier “Neutral”, in a research note produced for clients November 16, 2020. In addition, there was an upgrade from MKM Partners on October 23, 2020. The rater changed FFIV from “a Neutral” to “a Buy”.
Is F5 Networks Inc. [NASDAQ:FFIV] a Good Buy Right Now?
It should be noted that FFIV technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from F5 Networks Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.59 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.77 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.72 million shares.
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FFIV Price Performance
On Wall Street, F5 Networks Inc. [NASDAQ:FFIV] finished Thursday’s session up 0.85% at $180.10. The stock went up to $180.89 at the same session while its lowest single day price was $178.06. In the last five days, it saw a rise of about 2.53%, F5 Networks Inc. shares gained by almost 2.36% since the beginning of the year. However, the share price has dropped to as low as -0.34% below its one year high. On 01/07/21, the company shares recorded $180.89, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $173.41. The company’s shares have inclined by 32.00% in the past year. The 50-day SMA achieved is $162.57 while the 200-day SMA is $140.32. Volume gained to 1.04 million from 0.6 million in the previous session.
F5 Networks Inc. [FFIV] Valuation Measures
Notably, F5 Networks Inc. [FFIV] stock cannot be classified as a good candidate in the listing of underestimated low-priced Software – Infrastructure companies to purchase soonest possible with the prevailing 12-month PE ratio of 35.91. The measure means the stock is exchanging at a premium as compared to the 32.22x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.71 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.93 which means FFIV serve an unattractive investment opportunity compared to its competitors.
FFIV Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 178.48 level, and in case of violation of this particular level, it will cause more drop to 176.85 level. On the upper level, 182.51 is still the key resistance. The stock may increase to the subsequent resistance at 181.31. The Relative Strength Index (RSI) pinned on the 14-day chart is 76.00, implying a overbought technical stance while the MACD stands at 2.50, meaning price will increase in the next trading period. Percent R indicator moved to 7.25%, implying bullish price movement. Stochastic %K at 88.04% suggest selling the stock.
What is the short interest in F5 Networks Inc.?
Short interest in the F5 Networks Inc. stock has surged, increasing by 0.68 million shares to total 3.11 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.79 million, data from Yahoo Finance shows. The decrease of -21.86% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 5.68% of the overall float for the stock.
F5 Networks Inc.’s Biggest Shareholders: Who Owns F5 Networks Inc. [FFIV]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 6,331,913 shares or roughly 10.28% of the outstanding FFIV shares. This means their shares have reduced by -184,203 from the 6,331,913 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $531,119,108. Details in the latest 13F filings reveal that Wellington Management Co. LLP acquired their 54.24% stake valued at $517,185,665 while SSgA Funds Management, Inc. added theirs at $517,033,112. During the last quarter, Wellington Management Co. LLP raised 1,117,075 of its shares in F5 Networks Inc. while SSgA Funds Management, Inc. bought 42,131 shares. The Renaissance Technologies LLC’s holdings currently number 3,172,974 shares at $571452617.4. According to the firm’s last 13F report, American Century Investment Manag shares in the company at filing stood at 2,527,667 shares, roughly $411,529,464.
FFIV Earnings Forecast For The Current Quarter
F5 Networks Inc. [FFIV] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $605.18M and an earnings per share of $2.34 for Dec 2020. Looking further ahead, the company is expected to report revenue of $613.56M at an EPS of $2.38 for Mar 2021. The estimates represent 5.90% and 12.72% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FFIV Earnings Estimates For The Current Year
For the financial year, F5 Networks Inc. [NASDAQ:FFIV] is expected to bring in revenue of $2.5B. The returns are nearly $150.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 10.09, higher than that of FY20 by $0.72. Estimates put this year’s earnings growth at 7.70%, 12.70% for the next, and at an annual 3.99% over the next 5-year period. As for sales, forecasts are for an increase of 6.20% in the current fiscal year and a further 5.90% over the following year.