Yeah... shorts got squeezed again. This is the wrong stock to play "catch the falling knife" game with. Its one of the most volatile stocks going into earnings announcement so trade either side with extreme caution.
Your off. You are confusing millions vs billions dollar wise vs shares. 1 billion dollars in buy backs. They have 66,000,981 outstanding shares at the end of last qtr millions not billions
Looking at the intangibles from earnings it does look like FFIV has turned the corner in a positive way. The new CFO is managing FFIV finances better, they increased this qtr.'s guidance and the original ceo remains in control. Should see a positive bounce for awhile. The only caveat is when they do announce a new ceo will have an impact and depending who it is will either be no impact or a negative impact.
I knew these guys were sitting on a pile of money. How high do we all think this will go?
will they do this in one shot or over 1 month?
Buy as many shares as you can while stock move up the company start buying the shares to keep the momentum until at least before next earning this can go to 120 in two months however market should help.
this stock is wierd. often times when good news is coming, it drops right before the earnings report. i know, thats backwards, but that is ffiv, ive owned this for 2 years
Today's drop was probably is sympathy with JNPR's PR announcing a revenue and earnings miss for the current quarter. I have no idea why we dropped so much last week. JNPR mentioned weakness in Europe as causing the miss. I don't know how much FFIV and JNPR's businesses overlap, but the market must think there is a chance that FFIV's results will be below expectation as well.
not clear to me either. But Friday their svp of marketing channel will be leaving ritchiings and replaced by a recent exec. hire from juniper. Maybe they are getting ready for a takeover. We can always wish something like that would happen.