Entering text into the input field will update the search result below

F5 -12.9% AH on revenue miss, guidance; Radware also off

Jan. 21, 2015 4:29 PM ETF5, Inc. (FFIV) StockBy: Eric Jhonsa, SA News Editor
  • In addition to missing FQ1 revenue estimates (while beating on EPS), F5 (NASDAQ:FFIV) is guiding for FQ2 revenue of $465M-$475M and EPS of $1.48-$1.51, below a consensus of $478.9M and $1.53.
  • CEO John McAdam: "In addition to the seasonal softness we normally experience in the first quarter of a new fiscal year, product sales during the quarter reflected a marked decrease in the number of deals greater than $1 million." However, he insists "the number of large deals in the current pipeline is encouraging and indicates [F5] should see a resumption of the recent trend toward larger deals in [FQ2]."
  • FQ1 product revenue +10% Y/Y to $240.9M; services revenue +18% to $221.9M. Software revenue rose 44%.
  • $750M has been added to F5's buyback authorization, raising its available funds to $930.7M. $150M was spent on buybacks in FQ1, boosting EPS.
  • Smaller application delivery controller vendor Radware (RDWR) is down 2% AH. Barclays' Jan. 14 downgrade of F5 was well-timed.
  • FQ1 results, PR

Recommended For You

More Trending News

About FFIV Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
FFIV--
F5, Inc.