Network application delivery and security specialist F5 (NASDAQ:FFIV) will report results after the bell tomorrow. Here you can read what you should pay attention to.
F5 beat analysts’ revenue expectations by 1.1% last quarter, reporting revenue of $692.6 million, down 1.1% year over year. It was a very strong quarter for the company, with an impressive return on analyst expectations and strong sales expectations for the next quarter.
Is F5 a buy or sell that yields a profit? Find out by reading the original article on StockStory, it’s free.
This quarter, analysts expect F5 revenue to decline 2.7% year-over-year to $684.3 million, a reversal from the 10.9% increase recorded in the same quarter last year. Adjusted earnings are expected to be $2.87 per share.
The majority of analysts covering the company have reaffirmed their estimates from the last thirty days, suggesting they expect the company to continue its trajectory on the earnings front. F5 has missed Wall Street revenue estimates just once in the last two years and has exceeded revenue expectations by an average of 0.6%.
With F5 being the first of its peers to report earnings this season, we don’t have to look anywhere else to get an idea of how this quarter will unfold for software development stocks. What we do know, however, is that the entire sector has suffered a sell-off over the past month, with shares in F5’s peer group down 3.7% on average. F5 is down 0.4% in the same period and is heading for gains with an average analyst price target of $194 (compared to the stock price of $189.15).
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