Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
F5, Inc. (NASDAQ:FFIV) shares are climbing after the company reported its third-quarter financial results Monday. Here's a look at the details from the report.
The Details: F5 reported quarterly earnings of $3.36 per share, which beat the analyst consensus estimate of $2.97 by 13.13%. Quarterly sales came in at $695.495 million, which beat the analyst consensus estimate of $686.062 million by 1.37%.
Software revenue of $179 million grew 3% from the year-ago period. Systems revenue of $130 million represented a decline of 16% from the prior year. Global services revenue of $387 million grew 3% from the year-ago period. Gross margin was 83.1%.
Read Also: What’s Going On With Lululemon Stock?
“We delivered third-quarter revenue at the top end of our guidance range fueled by software growth and continued growth of our global services offerings,” said François Locoh-Donou, F5’s president and CEO. “In addition, our continued operating discipline enabled us to deliver earnings per share well above the high end of our guidance.”
Outlook: F5 said that based on visibility to fourth-quarter software demand, it now expects fiscal year revenue toward the top end of prior expectations at approximately $2.8 billion, or roughly flat with last year. F5 also raised its fiscal year earning growth expectations and now expects to deliver approximately 12% earnings growth, up from the prior growth outlook of 7% to 9%.
FFIV Price Action: According to Benzinga Pro, F5 shares are up 13.63% after-hours at $201.80 at the time of publication Monday.
Read Next:
Image: Moondance from Pixabay
Posted In: FFIV