Network application delivery and security specialist F5 (NASDAQ:FFIV) will report results after the bell tomorrow. Here’s what to look for.
F5 beat analysts’ revenue expectations by 1.1% last quarter, reporting revenue of $692.6 million, down 1.1% year-over-year. It was a very strong quarter for the company, with impressive analyst estimates for the accounts and strong sales forecasts for the next quarter.
F5 – buy or sell for profit? Find out by reading the original article on StockStory, it’s free..
Analysts expect F5’s revenue to decline 2.7% year-on-year this quarter to $684.3 million, a reversal from the 10.9% growth recorded in the same quarter last year. Adjusted earnings are expected to be $2.87 per share.
Most analysts covering the company have reiterated their estimates over the past 30 days, suggesting they expect the business to continue on its earnings path. Over the past two years, F5 missed Wall Street’s revenue estimates only once, beating revenue expectations by an average of 0.6%.
With F5 being the first among its peers to report earnings this season, there’s nowhere else we can turn to get a sense of how this quarter will pan out for software stocks. What we do know, however, is that the entire sector has seen a sell-off over the past month, with shares in the F5 peer group falling by an average of 3.7%. F5 shares are down 0.4% over the same period and are approaching earnings, with an average analyst price target of $194 (versus the share price of $189.15).
remove advertising
.