|Bid||131.03 x 2200|
|Ask||0.00 x 800|
|Day's Range||122.25 - 127.53|
|52 Week Range||79.78 - 156.36|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||25.06|
|Earnings Date||Jan 25, 2021 - Jan 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||158.75|
Shares of F5 Networks rose 4.3% in Monday's extended trading session after the cloud-based security service provider's 1Q outlook topped its guidance following better-than-expected 4Q results.F5 Networks (FFIV) projects 1Q revenues of between $595 million and $615 million, surpassing Street estimates of $592.8 million. The mid-point of the adjusted EPS guidance range of $2.26-$2.38 is also way above Wall Street's projection of $2.28.For the fourth quarter, F5 Networks reported adjusted EPS of $2.43 that exceeded analysts’ expectations of $2.37 as well as the company's own guidance range of $2.30-$2.42. (See FFIV stock analysis on TipRanks).F5 Networks’ 4Q sales of $615 million beat Street estimates of $606.3 million and matched the high-end of its $595-$615 million guidance range. The IT security provider’s quarterly revenues increased 4% year-over-year driven by 36% growth in software revenues.F5 Networks CEO François Locoh-Donou said, "Going forward, we expect continued robust software growth from a more diversified base of subscription and SaaS revenue, a software subscription renewals flywheel that is starting to turn with momentum, and true-forward revenue opportunities on a significant percentage of our long-term software subscription contracts."On Oct. 13, Morgan Stanley analyst James Faucette reiterated a Buy rating on the stock saying that F5 Networks would benefit from increased spending on application delivery controllers (ADC). Citing a CIO (Chief Information Officer) survey, Faucette noted that spending of ADC is expected to increase by 29%, significantly higher than the 16% growth forecasted in the last survey.Currently, the Street is cautiously optimistic on the stock. The Moderate Buy analyst consensus is based on 6 Buys and 5 Holds. With shares down over 10% year-to-date, the average price target of $160.25 implies upside potential of about 27.6% to current levels.Related News: Barnes’ 3Q Profit Drops 66%, Sees Lower 4Q Sales Seagate’s 1Q Sales Miss; Analyst Raises PT SAP Slashes 2020 Guidance As Covid-19 Surge Slows Recovery More recent articles from Smarter Analyst: * Facebook Kicks Off Cloud Gaming Launch With Free-To-Play Games * Eli Lilly Ends Covid-19 Trial In Hospitalized Patients On Disappointing Data * Varonis Beats 3Q Profit Estimates; Shares Spike 9% * Lockheed Martin Scores Over $740M In Navy Contract Modifications
Francois Locoh-Donou, F5's President and CEO; and Frank Pelzer, F5's Executive Vice President and CFO will be making prepared remarks on today's call. Other members of the F5 executive team are also on hand to answer questions during the Q&A session.
F5 (FFIV) delivered earnings and revenue surprises of 2.10% and 1.27%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?