F5 Networks (NASDAQ: FFIV) reported Q2 EPS of $1.68, $0.05 better than the analyst estimate of $1.63. Revenue for the quarter came in at $490 million versus the consensus estimate of $485.93 million.

GUIDANCE:

F5 Networks sees Q3 2016 EPS of $1.77-$1.80, versus the consensus of $1.74. F5 Networks sees Q3 2016 revenue of $490-500 million, versus the consensus of $503 million.

The company also announced today that its board of directors had authorized an additional $1 billion for the company's common stock share repurchase program. This new authorization is incremental to the $73.8 million currently unused in the existing program which was initially authorized in October 2010.

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