SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 282.39+1.3%Feb 10 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Naggrachi who wrote (626)1/22/2000 5:33:00 PM
From: KM  Read Replies (1) of 1801
 
This from Individual Investor Online 1/22/00...

Last quarter, F5 Networks (NASDAQ: FFIV - Quotes, News, Boards) blew through expectations to break even three quarters ahead of schedule with earnings per share of $0.11 and revenue of $13.8 million, versus expectations of a loss of $0.04 per share and revenue of $10.4 million. Revenue beat expectations by 32.7%.

The stock skyrocketed on the news, immediately rising 50% to a high of $152.63. Since then, the share price has retreated somewhat, bottoming out at $92.94 before recovering to $129.81 by Friday. Should F5 do anything comparable to last quarter's performance, the stock should move strongly.

Current expectations are for F5 to post earnings per share of $0.11 on revenues of $15.1 million. We feel there is a good chance that F5 will exceed these numbers handily.

Upside could come in the form of revenue from the company's new Global/Site product that began shipping during October. Average selling prices have also been trending upward, and if the trend continues, it could provide some spark to the quarterly results.

--------------------------------------------------------------------------------
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext