F5 Networks (FFIV) Surges 6% on Strong Earnings and Forecast

by MarketNewsData

F5 Networks Reports Strong Q3 Results and Raises Full-Year Outlook

F5 Networks (NASDAQ: FFIV) announced its third-quarter financial results, surpassing analyst expectations and boosting its revenue forecast for the year.

Key Points:

  • Earnings and Revenue: The company reported adjusted earnings of $4.16 per share, exceeding the expected $3.50. Revenue reached $780 million, above the $752.79 million consensus, marking a 12% increase year-over-year.
  • Product Revenue Growth: Product revenue rose by 26%, driven by a 39% increase in systems revenue and a 16% rise in software revenue. Global services revenue saw a modest 1% growth.
  • Fourth-Quarter Forecast: F5 Networks projects fourth-quarter revenue between $780 million and $800 million, surpassing the $779.2 million consensus. Adjusted EPS is expected to be between $3.87 and $3.99, ahead of the $3.84 average estimate.
  • Full-Year Outlook: The company now anticipates full-year revenue growth of approximately 9%, an increase from the previous estimate of 6.5% to 7.5%. Adjusted earnings growth for fiscal 2025 is raised to 14-15%, up from 8-10%.

    F5 Networks’ strong performance and optimistic outlook reflect its resilience in the application delivery and security market.

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