F5 Posts $3.23 Fourth-Quarter EPS
FFIV has more than doubled off its 52-week low of $223.76 on elevated volume (2.6× avg).
Summary
F5 reported fourth-quarter EPS of $3.23, per Dow Jones Newswires, alongside adjusted EPS of $4.42, net income of $186.1M and revenue of $917.4M. The quarter follows a strong fiscal third quarter, when revenue rose 11% to $865M and product revenue climbed 19%, with the SurePath AI acquisition closed. For the first quarter, F5 sees adjusted EPS of $4.25 to $4.37. Shares are trading near a 52-week high, so the bar for this quarter was high, and the full release and guidance will determine whether the recent run holds.
At the time of this announcement, FFIV was trading at $459.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $26B. The 52-week trading range was $223.76 to $483.30. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.