Angels of Alchemy Message Board

STOCKTALK

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.

Strategies & Market Trends : Angels of Alchemy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Smart_Money who wrote (15283)	10/3/2000 1:55:46 PM
From: puborectalis	of 24256

NEW YORK (Dow Jones)--F5 Networks Inc. (FFIV) shares fell as much as 13% Tuesday on fears that the Internet equipment maker will miss analysts' earnings forecasts in upcoming quarters. But F5 Chief Executive John McAdam told Dow Jones Newswires he expects the company to meet analysts' earnings estimates for the fourth quarter ended Sept. 30, as well as for fiscal 2001. A First Call/Thomson Financial consensus of eight analysts predicted F5 would earn 16 cents a share in the fourth quarter and 91 cents in fiscal 2001. "If we didn't feel very confident that we were going to meet or exceed consensus expectations we'd pre-announce" estimates of fourth-quarter results, McAdam said in an interview. The Seattle company is slated to release results Oct. 26. The concerns were sparked by a Chase H&Q research note Tuesday in which analyst Erik Suppiger said F5 was increasing its investments in operations to accelerate sales growth. While Suppiger is optimistic that the higher expenses will boost sales, he also expects the move to cut earnings in the first two or three quarters of fiscal 2001. Suppiger does expect F5 to meet expectations for the quarter ended Sept. 30. F5 shares recently traded at $28.88, down $1.38, or 5%, on volume of 2.4 million, compared with the daily average of 1 million. Earlier, the shares......In the category of passion for your stock=......"letting a stock like F5 go down this far. It shouldn't have happened. No way. This thing should be above $100, not at $33. I notice on Island two blocks of buys of 5000 shares. What the took these people so long to finally buy?! "Undervalued" doesn't begin to describe FFIV's price. Congrats to those who got this bargain at these prices. No way in hell you should have been able to but at so low prices you got lucky so congrats. "

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next