F5 Earnings: What To Look For From FFIV
Network application delivery and security specialist F5 (NASDAQ:FFIV) will be announcing earnings results. Here's what investors should know.
Last quarter F5 reported revenues of $707 million, flat 1% year on year, in line with analyst expectations. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter.
Is F5 Networks buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting F5's revenue to decline 2.2% year on year to $685.1 million, a further deceleration on the 1.9% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.04 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 0.6%.
With F5 Networks being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for software development stocks, but there has been positive sentiment among investors in the segment, with the stocks up on average 2.9% over the last month. F5 Networks is up 6.3% during the same time, and is heading into the earnings with with analyst price target of $170.1, compared to share price of $187.36.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
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The author has no position in any of the stocks mentioned.
