F5 Networks -6.8% after Q2 earnings miss

|About: F5 Networks, Inc. (FFIV)|By:, SA News Editor

F5 Networks (NASDAQ:FFIV) has slid 6.8% in late trading after missing expectations with fiscal Q2 earnings amid soft demand in Europe, and guidance for the out quarter on the downside.

Revenues grew 7%, and net income rose 23.5% to $93.1M.

Revenue breakout: Products, $241.1M (up 6.9%); Services, $277.2M (up 7.3%).

It's set a Q3 revenue goal of $520M-$530M (light of consensus for $537.9M) and non-GAAP EPS of $2.01-$2.04 (vs. consensus for $2.09).

Conference call begins at 4:30 p.m. ET.

Press Release