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Procera Networks, Inc. Message Board

  • photonsculptor100 photonsculptor100 Apr 4, 2013 5:43 PM Flag

    F5 Networks estimates 2nd-quarter results below Wall Street

    Numerous postings on this topic with F5 SP down approximately 16% after hours; interpret as you will ...

    Thu Apr 4, 2013 4:27pm EDT

    (Reuters) - Network gear maker F5 Networks Inc estimated second-quarter results way below analysts' expectations on significantly lower U.S federal sales and weakness in North America.

    The company estimated adjusted earnings of $1.06 to $1.07 per share on revenue of $350.2 million.

    Analysts were expecting adjusted earnings of $1.23 per share on revenue of $375.8 million for the quarter ended March 31, according to Thomson Reuters

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    • 4:09PM F5 Networks preannounces Q2 results below guidance/consensus (halted, will resume trade at 16:25) (FFIV) 90.42 -0.10 : Co issues downside guidance for Q2 (Mar), sees EPS of $1.06-1.07, excluding non-recurring items, vs. $1.23 Capital IQ Consensus ($1.21-1.24 previous guidance); sees Q2 (Mar) revs of $350.2 mln vs. $376.05 mln Capital IQ Consensus ($370-380 mln previous guidance).

      John McAdam, F5 president and chief executive officer, said the revenue shortfall resulted primarily from a slowdown in North American and to a lesser extent EMEA sales, while sales in Japan and Asia-Pacific were essentially in line with the co's expectations. "From a market perspective, Telco bookings were down sharply on both a sequential and year-over-year basis. U.S. Federal sales were also down significantly from the second quarter a year ago. Currently, we are looking into all the factors affecting the quarter's results and we plan to provide more color during our regularly scheduled release and conference call on April 24."

    • ... looks like the slowdown is being largely attributed to North America (lack of) spending ....

    • Oh good gawd, this is just perfect.

      PKT down big again tomorrow. This is just never ending. My $8 target is looking more and more realistic.

 
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