Seeking Alpha

F5's guidance, product sales growth impresses; shares +9.1% AH

  • In addition to handily beating FQ1 estimates, F5 (FFIV) is guiding for FQ2 revenue of $408M-$418M and EPS of $1.23-$1.26, above a consensus of $404.1M and $1.21.
  • FQ1 product revenue +7% Y/Y to $218.6M, after growing just 1% in FQ4. A mid-2013 refresh for F5's application delivery controller lineup likely helped, and so might have licensing policy changes. Services revenue +17% to $187.9M.
  • F5 continues to invest aggressively: Sales/marketing spend +10% Y/Y to $134.8M, R&D +32% to $64.1M. Headcount rose by 165 during FQ1.
  • Shares are close to their 52-week high of $107.99.
  • CC underway. FQ1 results, PR.
Comments (2)
  • Fear & Greed Trader
    , contributor
    Comments (4954) | Send Message
    another nice holding ,plentry of room to run from these levels , breakout @108 , mid teens to 120 ?

    22 Jan, 05:52 PM Reply Like
  • simplymike
    , contributor
    Comment (1) | Send Message
    Been a nice wait! Keep going FFIV! The Future in SDN and ADC should let them continue upwards!
    22 Jan, 07:52 PM Reply Like
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