CEO of F5 Networks, Inc. (FFIV) John McAdam sold 50,000 Shares


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F5 Networks Inc. is a provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. F5 Networks, Inc. has a market cap of $8.22 billion; its shares were traded at around $101.68 with a P/E ratio of 29.8 and P/S ratio of 7.1. F5 Networks, Inc. had an annual average earnings growth of 28.8% over the past 5 years.

On August 16, 2012, President and CEO of F5 Networks, Inc. ( FFIV ) John McAdam sold 50,000 shares at an average price of $99.67. The total transaction amount was $4,983,500.

John McAdam has served at F5 Networks as President, Chief Executive Officer, and Director since July 2000.

John Mcadam sold 50,000 shares of FFIV stock on May 15 at the average price of 124.93. Other Directors and Officer have also sold shares of FFIV stock.

During the quarter ended June 30, 2012, 2 GuruFocus Gurus initiated their position in F5 Networks. Joel Greenblatt bought 9,597 shares and Ken Fisher bought 139,314 shares.

For the third quarter of fiscal 2012, F5 Networks, Inc. reported revenue of $352.6 million and GAAP net income of $72.3 million, or $0.91 per diluted share, compared to $68.6 million, or $0.86 per diluted share, in the previous quarter.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing

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