Caesars Entertainment misses Q2 earnings expectations, shares edge lower
SEATTLE—Rogers (NYSE:ROG) Scot Frazier, Executive Vice President and General Counsel at F5, Inc. (NASDAQ:FFIV), recently sold 3,486 shares of the company’s common stock. The shares were sold at a price of $293.18 each, amounting to a total transaction value of approximately $1.02 million.
Following this transaction, Frazier holds 20,075 shares of F5, Inc. The sale was executed as part of a pre-arranged trading plan under Rule 10b5-1, which was established on November 27, 2024. According to InvestingPro analysis, F5 maintains a "GOOD" overall financial health score, with particularly impressive gross profit margins of 81%.
F5, Inc., headquartered in Seattle, is known for its computer communications equipment, providing services and solutions for application delivery networking. With a market capitalization of $16.8 billion, the company currently appears fairly valued based on InvestingPro’s Fair Value analysis. Discover 8 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
In other recent news, F5 Networks reported robust financial results for the first quarter of 2024, significantly exceeding earnings expectations. The company posted an earnings per share (EPS) of $3.84, surpassing the forecast of $3.36, and reported revenue of $766 million, which exceeded the anticipated $715.45 million. Following these strong results, F5 Networks raised its full-year revenue growth guidance to 6-7%, an increase from the previous 4-5%. Analyst firms have responded positively; Needham raised F5’s stock price target to $360, maintaining a Buy rating, citing the company’s impressive performance and optimistic outlook. Piper Sandler also increased their price target to $304 while keeping a Neutral rating, acknowledging F5’s strong earnings and the favorable IT spending environment. RBC Capital Markets adjusted their price target to $310 from $260, retaining a Sector Perform rating, recognizing F5’s consistent growth and relevance in the hybrid-cloud space. Additionally, F5 Networks has introduced ADC 3.0, a new platform aimed at enhancing AI-driven application delivery, and established partnerships with industry leaders to support AI projects, reflecting the company’s strategic focus on AI and hybrid multi-cloud solutions.
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