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F5 Networks, Inc. Discusses Q4 2013 Results (Webcast)Oct. 23, 2013
F5 Networks, Inc. - Special CallAug. 21, 2013
F5 Networks, Inc. - Shareholder/Analyst CallNov. 3, 2011
Business Wire (Thu, 7:00AM)
Business Wire (Apr 11, 2014)
Business Wire (Mar 27, 2014)
Business Wire (Mar 19, 2014)
Business Wire (Feb 28, 2014)
Business Wire (Feb 24, 2014)
Business Wire (Feb 19, 2014)
Business Wire (Feb 18, 2014)
Business Wire (Feb 11, 2014)
Business Wire (Feb 11, 2014)
at CNBC.com (Feb 10, 2014)
Business Wire (Feb 7, 2014)
at MarketWatch.com (Feb 4, 2014)
Business Wire (Jan 29, 2014)
FFIV vs. ETF Alternatives
F5 Networks, Inc. provides Application Delivery Networking (ADN) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.
Monday, Apr 149:52 AM
Monday, Apr 149:52 AM| Comment!
- Stratasys (SSYS +1.5%) has been started at Buy by Goldman, and 3D Systems (DDD -3.1%) at Neutral. Shares of both companies (like those of many high-beta tech names) were clobbered last week. UBS issued similar opinions for Stratasys and 3D Systems two weeks ago.
- VMware (VMW +1.3%) has received a two-notch upgrade to Outperform from CLSA ahead of its April 22 Q1 report.
- F5 (FFIV +4.1%) has been upgraded to Buy by Stifel. Q1 results arrive on April 23.
- Palo Alto Networks (PANW +1.2%) has been upgraded to Overweight by both Barclays and Stephens.
- TTM Technologies (TTMI +3.1%) has been upgraded to Buy by Stifel and UBS.
- CalAmp (CAMP +1.7%) has been upgraded to Buy by B. Riley.
- STMicroelectronics (STM -2.3%) has been cut to Sell by UBS. Q1 results arrive on April 29.
- AudioCodes (AUDC +4.1%) has been started at Buy by Needham. Shares rose last week after the Israeli government approved an R&D program involving the company.
- ChannelAdvisor (ECOM +1.2%) has been started at Buy by Janney.
- Paylocity (PCTY +1.4%) has received five bullish ratings and one neutral rating on underwriter coverage day. Q2 (QTWO +3.1%) has received six bullish ratings.
Thursday, Apr 104:01 PM
Thursday, Apr 104:01 PM| 16 Comments
- Following a two-day rebound, high-beta tech stocks are seeing monumental losses once again. The Nasdaq is closing with its biggest one-day decline since 2011 (eclipsing last week's 110-point drop).
- Security hardware/software providers were hard-hit following Imperva's (IMPV -43.8%) big warning: FEYE -11.6%. PANW -6.4%. PFPT -9.8%. FFIV -4.7%. KEYW -6.5%. FTNT -6.9%. QLYS -10.4%.
- Other high-beta enterprise names didn't fare much better: DATA -10%. SPLK -10.3%. WDAY -9.3%. VRNS -8%. EOPN -7.9%. FIO -7.6%. BLOX -9.7%.
- Major Internet decliners: P -11%. YELP -10.6%. ZNGA -6.6%. YY -7.3%. QIHU -9.3%. SINA -6.6%.
- Solar: TSL -10.4%. CSIQ -10.4%. JKS -7.9%. SPWR -7.4%. JASO -6.8%. CSUN -8.2%.
- 3D printing: DDD -10.6%. VJET -13.3%. ONVO -8.1%. XONE -7.7%. SSYS -6.7%.
Monday, Feb 109:51 AM
Monday, Feb 109:51 AM| Comment!
- F5 (FFIV +1.1%) has been started at Buy by Dougherty & Co. The company beat FQ1 estimates and issued strong guidance last month.
- FireEye (FEYE +3.7%) has been started at Outperform by Wells Fargo. Q4 results arrive tomorrow.
- Maxim (MXIM +1.9%) has been upgraded to Strong Buy by Raymond James.
- CommVault (CVLT +0.6%) has been upgraded to Outperform by JMP. Shares tanked two weeks ago due to the cautious CC remarks provided with an FQ3 beat.
- Ingram Micro (IM +1.8%) has been upgraded to Buy by Brean.
- CalAmp (CAMP +2.2%) has been started at Strong Buy by Midtown Partners.
Tuesday, Feb 41:32 PM
Tuesday, Feb 41:32 PM| 7 Comments
- A day after Wells Fargo upgraded Palo Alto Networks (PANW +5%) to Outperform, Pac Crest has hiked its PT to $75 from $65, while reiterating an Outperform.
- The note, which comes 20 days before Palo Alto's FQ2 report, has helped shares move back above $60. They also rallied in December in response to an upbeat Pac Crest note.
- Separately, Palo Alto and Citrix (CTXS +1.1%) have announced an expansion of their security/networking partnership (previous). Citrix's NetScaler SDX application delivery controllers (ADCs - they analyze Web traffic at the application level and direct it to/from servers) will now support "virtual" instances of Palo Alto's next-gen firewalls.
- The companies note different instances of Palo Alto's virtual firewall products, known as the VM-Series, can be tailored to the needs of different apps when placed within a Citrix ADC. The firewalls still leverage Palo Alto's proprietary PAN-OS operating system.
- The partnership is aimed in part at F5 (FFIV +1.4%). F5 has launched firewall and app security modules for its market-leading ADCs, and is attempting to grab security share from incumbents with the help of its full-proxy architecture.
Thursday, Jan 239:12 AM|Thursday, Jan 239:12 AM| Comment!
Wednesday, Jan 225:45 PM
Wednesday, Jan 224:48 PM
Wednesday, Jan 224:48 PM| 2 Comments
- 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.
Wednesday, Jan 224:25 PM|Wednesday, Jan 224:25 PM| Comment!
Monday, Jan 139:56 AM
Monday, Jan 139:56 AM| 2 Comments
- H-P (HPQ +3.7%) and Teradata (TDC +1.8%) have been started at Overweight by Atlantic Securities.
- BlackBerry (BBRY -6.2%) has been cut to Underperform by Oppenheimer following a major rally over the last four weeks. RBC upgraded shares last Friday.
- F5 (FFIV +3.7%) has been upgraded to Outperform by William Blair.
- Qihoo (QIHU +4.3%) has been upgraded to Buy by Stifel, and started at Buy by UBS. Shares fell last Thursday following a report questioning the size of the company's search share gains, and rose the day before thanks to an Alibaba investment rumor.
- Cree (CREE -6.6%) has been cut to Hold by Stifel.
- Autodesk (ADSK +1.8%) has been upgraded to Overweight by Morgan Stanley.
- Skyworks (SWKS +4.7%) has been upgraded to Buy by B. Riley.
- Red Hat (RHT +4.4%) has been upgraded to Overweight by Morgan Stanley.
- Fortinet (FTNT +2.1%) has been upgraded to Overweight by Morgan Stanley.
- HomeAway (AWAY +2%) has been upgraded to Overweight by Barclays.
- Garmin (GRMN +1.1%) has been upgraded to Outperform by Oppenheimer.
- Nimble Storage (NMBL +2.2%) has been upgraded to Outperform by Pac Crest. The firm started Nimble and Sector Perform just six days ago.
- Peregrine Semi (PSMI -9.1%) has been cut to Hold by Deutsche.
- Sanmina (SANM -7%) has been cut to Underperform by Raymond James.
- Symantec (SYMC -2.3%) has been cut to Underweight by Morgan Stanley.
- NCR (NCR +2.2%) has been started at Overweight by JPMorgan, and added to the firm's Focus List.
- Vipshop (VIPS +1.8%) has been started at Buy by UBS.
- Parametric Sound (PAMT +4.5%) has been started at Strong Buy by Needham.
Thursday, Dec 122013, 11:51 AM
Thursday, Dec 122013, 11:51 AM| 2 Comments
- Cisco (CSCO -2.3%) is now targeting annual revenue growth of 3%-6% over the next 3-5 years, down from a prior 5%-7%, says CFO Frank Calderoni states at the networking giant's analyst meeting. In addition, Calderoni says Cisco's FY14 (ends July '14) revenue growth outlook is "basically" in-line with a Street forecast for a 4% decline.
- Cisco is now aiming for services revenue growth of 7%-10% over the next 3-5 years, down from 9%-11%; services accounted for 22% of Cisco's Oct. quarter revenue. Businesses related to "enabling the cloud" (a somewhat nebulous term) are expected to show a 12%-18% growth rate.
- Cisco, already pressured by John Chambers' macro comments, continues to trade lower. Many networking equipment peers and component/chip suppliers are also selling off; in addition to Cisco, Ciena's mixed FQ4 results and slightly soft FQ1 guidance could be playing a role here.
- Notable networking equipment/component/chip decliners: JNPR -3.1%. BRCM -2.5%. PKT -2.8%. FFIV -2.2%. ERIC -2.1%. JDSU -1.9% (getting pulled from the S&P 500). AFOP -5.5%. CAVM -1.7%. AMCC -1.8%. BRCD -1.8%. MRVL -1.6%. ARUN -1.7%. CALX -1.7%.
Wednesday, Nov 132013, 8:34 PM
Wednesday, Nov 132013, 8:34 PM| 5 Comments
- Cisco's (CSCO) dispiriting Jan. quarter guidance and Oct. quarter order data has produced an AH selloff in enterprise IT and telecom equipment names, as well as a couple of the companies supplying them. NetApp's below-consensus guidance might not be helping either.
- HPQ -2.1% AH. IBM -1.1%. ALU -2%. FFIV -1.9%. CIEN -0.9%. CAVM -3%. BRCM -1.3%.
- Cisco's slumping FQ1 service provider (-13% Y/Y) and emerging markets (-12%) orders are bound to fuel concerns about carrier capex and macro trends. At the same time, it's worth noting Juniper and Alcatel-Lucent have been seeing better router sales to carriers (though not to Asia), and that Huawei has been doing better in emerging markets.
- The rest of Cisco's order data for major regions and customer groups was relatively better, but not exactly encouraging. Americas orders -2%, EMEA -4%, Asia-Pac (hurt by emerging markets weakness) -9%. Enterprise orders +2%, commercial (SMBs) +1%, public sector -1%.
- Switch sales (31% of revenue) rose 3% Y/Y, while routers (17% of revenue) fell 1%. Collaboration rose 1%, and service provider video fell 14% due to set-top weakness. Cisco's ASR 9000 edge router line, which EZchip (EZCH) supplies network processors for, grew 20% in FQ1 vs. 43% in FQ4.
- Data center (UCS servers) had another strong quarter, growing 44%, but still only accounts for 5% of revenue. Wireless (dominated by Wi-Fi gear) grew only 8% after growing 32% in FQ4 (could be a negative for ARUN and RKUS).
- John Chambers was asked on the CC (transcript) if the NSA spying uproar was affecting Cisco. He admitted it's a problem in China, but denied it was a major issue elsewhere.
Thursday, Oct 242013, 9:56 AM
Thursday, Oct 242013, 9:56 AM| Comment!
- Angie's List (ANGI -3.9%) has been cut to Neutral by B. Riley after missing Q3 estimates and issuing below-consensus Q4 revenue guidance. However, shares have pared the majority of yesterday's AH losses.
- F5 (FFIV +1.6%) has been cut to Neutral by BofA/Merrill after beating FQ4 estimates and issuing mixed FQ1 guidance. Shares have given back most of yesterday's AH gains.
- Fusion-io (FIO -23.6%) has been cut to Equal Weight by Morgan Stanley after providing FQ1 guidance that was far below consensus, and disclosing its CFO and sales chief are leaving.
- Akamai (AKAM -9.3%) has been cut to Neutral by Macquarie after providing disappointing Q4 guidance to go with a Q3 beat and buyback announcement.
- Citrix (CTXS +4.2%) has been cut to Neutral by Susquehanna after providing soft (but better-than-feared) Q4 guidance to go with Q3 numbers that were slightly above the guidance ranges given in a recent warning.
- Rogers (RCI -2.3%) has been cut to Neutral by Macquarie after posting Q3 results.
- Cadence (CDNS -6.2%) has been cut to Hold by Needham after slightly missing Q3 revenue estimates and providing soft Q4 revenue guidance.
- Vipshop (VIPS +0.9%) has been started at Outperform by CLSA.
Wednesday, Oct 232013, 4:08 PM|Wednesday, Oct 232013, 4:08 PM| 3 Comments
Wednesday, Oct 232013, 2:23 PM
Wednesday, Oct 232013, 2:23 PM| Comment!
- The soft Q4 top-line guidance provided with Juniper's (JNPR -5.9%) Q3 beat has led shares to fall below $20. Several peers are also off on a down day for tech: FFIV -4.3% (reporting after the close). DRWI -3.9%. PKT -2.8%. RKUS -2.6%. CIEN -2.4%. RVBD -2.2%.
- On its CC, Juniper attributed its guidance to U.S. federal weakness caused in part by the government shutdown, and called the macro environment "dynamic." The company also disclosed it's cutting another 280 jobs (~3% of its workforce) in Q4, and that it's in the "later stages" of its search for a replacement for departing CEO Kevin Johnson.
- Some of the job cuts are related to Juniper's decision to kill off its MobileNext 3G/4G infrastructure software line.
- The sell-side is nervous about declining enterprise sales, caused in large part by security share losses. Juniper promises a resumption of security growth in 2014; favorable comps should make that easier.
- Carrier routers continue to be a bright spot: MX series edge router sales rose 15% Q/Q, and core router sales 11% Q/Q. Both Cisco and Juniper have been seeing strong edge router demand in recent quarters.
- Juniper also states it's seeing healthy carrier demand in all three major geographies. However, Americas demand is generally stronger than EMEA and Asia-Pac demand.
Tuesday, Oct 152013, 10:05 AM
Tuesday, Oct 152013, 10:05 AM| Comment!
- A week after some of them temporarily fell in response to Citrix's warning, enterprise IT names are slumping on account of Teradata's Q3/2013 warning, which was largely the result of weaker-than-expected Asian numbers.
- Three other data warehousing/business intelligence software providers - Informatica (INFA -4.4%), MicroStrategy (MSTR -4.1%), and Qlik (QLIK -3.3%) are among the biggest decliners. The companies rallied in August in response to Teradata's better-than-feared Q2 report.
- Other decliners: EMC -1.8%. NTAP -2.1%. CVLT -2.5%. FFIV -2%. JIVE -2.2%. NOW -2%.
- Teradata isn't alone among enterprise IT names in seeing its Asian ops underperform. Cisco and Oracle have reported similar issues.
Wednesday, Oct 92013, 4:26 PM
Wednesday, Oct 92013, 4:26 PM| Comment!
- Citrix (CTXS) expects Q3 revenue of $710M-$712M, below a prior guidance range of $730M-$740M and a $737.3M consensus. EPS guidance has been lowered to $0.68-$0.69, below a prior $0.72-$0.73 and a $0.73 consensus. (PR)
- The thin client/virtualization software and application delivery controller vendor doesn't give a reason for the shortfall. Full Q3 results arrive on Oct. 23.
- CTXS -11.1% AH. Off in sympathy: RHT -2.2% VMW -4.4%. EMC -1.5%. FFIV -4.3%.
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fredericpc:: It would be nice to see the índices getting closer to their 200dma.