Free Post Earnings Research Report: F5 Networks’ Q1 Revenues and Adjusted Net Earnings Rose to Outperform Estimates
Stock Monitor: Datawatch Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free earnings report on F5 Networks, Inc. (NASDAQ: FFIV). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FFIV. The Company posted its financial results on January 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Seattle, Washington-based Company's revenues surged 1.4% y-o-y, beating market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, F5 Networks most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
During the quarter ended December 31, 2017, F5 Networks reported total revenues of $523.19 million compared to $515.96 million at the end of Q1 FY17. The Company attributed the year-over-year revenues growth to Services and Software solutions. The Company's total revenue numbers for Q1 FY18 topped market consensus estimates of $521.4 million. Services revenue increased to $295.89 million in Q1 FY18 from $276.48 million in Q1 FY17, while Products revenue fell to $227.30 million in Q1 FY18 from $239.48 million in the prior year's same quarter.
The computer networking Company posted a reported net income of $88.43 million, or $1.41 per diluted share, in Q1 FY18 compared to $94.22 million, or $1.44 per diluted share, in Q1 FY17. The Company's non-GAAP net income increased to $141.58 million, or $2.26 per diluted share, in Q1 FY18 from $130.27 million, or $1.98 per diluted share, in Q1 FY17. Meanwhile, Wall Street had expected the Company to report a non-GAAP net income of $2.04 per diluted share.
Operational Metrics
In the reported quarter, F5 Networks' cost of revenue was $87.39 million compared to $85.26 million in Q1 FY17. The Company's gross profit came in at $435.80 million for the reported quarter, up from $430.70 million in Q1 FY17.
The Company's sales and marketing (S&M) expenses were $167.93 million during Q1 FY18 compared to $164.51 million in Q1 FY17, whereas research and development (R&D) expenses fell to $85.89 million in Q1 FY18 from $87.05 million in the year ago comparable quarter. The Company's general and administrative (G&A) expenses were $39.98 million in Q1 FY18 versus $41.68 million in Q1 FY17. Total operating expenses increased to $293.81 million in Q1 FY18 from $293.24 million in Q1 FY17. Moreover, the Company's income from operations came in at $142.00 million for Q1 FY18 compared to $137.45 million in Q1 FY17.
Cash Flow and Balance Sheet
During the three quarters ended December 31, 2017, the Company generated net cash inflows from its operating activities of $189.96 million compared to $189.31 million in the prior year's corresponding period. At the close of books on December 31, 2017, F5 Networks had $612.00 million as total cash and cash equivalents compared to $673.23 million at the close of books on September 30, 2017.
Outlook
In its guidance for the three months ending March 31, 2018, the Company forecasts revenues to be in the range of $525 million to $535 million. The Company expects GAAP earnings per diluted share to be between $1.66 and $1.69, while non-GAAP earnings per diluted share are anticipated to be between $2.24 and $2.27.
Stock Performance Snapshot
January 29, 2018 - At Monday's closing bell, F5 Networks' stock marginally rose 0.47%, ending the trading session at $138.89.
Volume traded for the day: 983.07 thousand shares, which was above the 3-month average volume of 776.23 thousand shares.
Stock performance in the last month – up 5.42%; previous three-month period – up 11.96%; past twelve-month period – up 2.47%; and year-to-date – up 5.85%
After yesterday's close, F5 Networks' market cap was at $8.76 billion.
Price to Earnings (P/E) ratio was at 21.39.
The stock is part of the Technology sector, categorized under the Business Software & Services industry.
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