EarningsF5 reported 2QF24 Revenue at the midpoint of the guide and EPS at the high-end.
Financial PerformanceF5 raised full year guidance for Revenue and EPS.
Software RevenueSoftware revenue grew 20% YoY and EPS of $2.91 beat Street estimates by 4c, supported by Opex improvements and a better-than-expected tax rate.
Bears Say
Customer SentimentCustomers remain cautious and are forecasting a flat IT budget for C2024.
Financial PerformanceMixed 2Q results as outlook continues to remain lackluster.
RevenueSystems revenue was down 32% YoY and software growth is mostly about mean reversion after a weak 1Q24.
What was F5 Networks’s price range in the past 12 months?
F5 Networks lowest share price was $145.43 and its highest was $201.37 in the past 12 months.
What is F5 Networks’s market cap?
Currently, no data Available
When is F5 Networks’s upcoming earnings report date?
F5 Networks’s upcoming earnings report date is Jul 29, 2024 which is in 2 days.
How were F5 Networks’s earnings last quarter?
F5 Networks released its earnings results on Apr 29, 2024. The company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.872 by $0.038.
How many shares outstanding does F5 Networks have?
F5 Networks has 58,611,430 shares outstanding.
What happened to F5 Networks’s price movement after its last earnings report?
F5 Networks reported an EPS of $2.91 in its last earnings report, beating expectations of $2.872. Following the earnings report the stock price went down -7.934%.
Which hedge fund is a major shareholder of F5 Networks?
Among the largest hedge funds holding F5 Networks’s share is Hotchkis & Wiley Capital Management LLC. It holds F5 Networks’s shares valued at 945M.
F5 Networks, Inc. engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.
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