F5 Networks (FFIV) Tops Q3 EPS by 30c, Offers Q4 Guidance
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July 27, 2021 8:27 AM EDT
Shares of F5 Networks (NASDAQ: FFIV) are up 7.5% in pre-open trading Tuesday after the company delivered stronger-than-expected results for its fiscal third quarter.
The Seattle-based business reported earnings per share of $2.76 to easily top the $2.46 expected from analysts. Revenue came in at $652 million that is again higher than the $638 million expected from the Street.
Our very strong third quarter results demonstrate the powerful alignment of F5s expanded solution portfolio and our customers most important application needs, said François Locoh-Donou, F5s President and... More
July 27, 2021 8:01 AM EDT
Cowen analyst Paul Silverstein raised the price target on F5 Networks (NASDAQ: FFIV) to $264.00 (from $252.00) while maintaining an Outperform rating.
The analyst commented, "FFIV delivered strong FY3Q21 results against a backdrop of muted to outright negative expectations. Strong broad-based underlying demand trends,... More
July 27, 2021 6:23 AM EDT
Needham & Company analyst Alex Henderson raised the price target on F5 Networks (NASDAQ: FFIV) to $265.00 (from $255.00) while maintaining a Buy rating following results.
The analyst commented, "F5 sounded very confident on its 3QF21 earnings call, and its stock appreciated over the... More
