F5 Networks (FFIV) Tops Q1 EPS by 13c; Offers 2Q EPS/Revenue Guidance

F5 Networks (NASDAQ: FFIV) reported Q1 EPS of $2.59, $0.13 better than the analyst estimate of $2.46. Revenue for the quarter came in at $624.62 million versus the consensus estimate of $625.27 million.

“Our customers depend on F5’s application security and delivery solutions to safely and reliably deliver the digital experiences that enable consumers everywhere to order groceries, conduct online banking, or stream videos from their phones, laptops, or tablets,” said François Locoh-Donou, F5’s President and CEO. “Our investments over the last several years have fueled innovation, enhancing our strategic position with customers at a time when they are experiencing explosive application growth, and contributing to our 10% revenue growth in the first quarter.”

GUIDANCE:

F5 Networks sees Q2 2021 EPS of $2.32-$2.44, versus the consensus of $2.41. F5 Networks sees Q2 2021 revenue of $625-645 million, versus the consensus of $621.66 million.

For earnings history and earnings-related data on F5 Networks (FFIV) click here.

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