Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : F5 Networks, Inc. (FFIV) -- Ignore unavailable to you. Want to Upgrade?

To: hamsandwich who wrote (1175)	7/26/2000 12:05:47 AM
From: StormRider	Read Replies (2) \| Respond to of 1801

ERROR IN THE PRESS REPORTS!! F5 actually beat estimates by 3 cents! Wait till the rest of the media (especially CNBC) makes note of this! We're going to skyrocket tomorrow! Briefing.com: F5 Networks (FFIV) 42 13/16 +1/4: -- Update -- The saga continues... Zacks now saying that the $0.18 consensus included both pre and post-tax estimates, and that the pre-tax consensus is $0.19 and is comparable to the $0.22 pre-tax actual, thus indicating that f5 beat estimates by three cents. We'll get a clearer picture tomorrow with brokerage firm reports on FFIV. CNET: F5 Networks Has 3rd-Qtr Profit as Revenue Triples (Correct) 7/25/00 3:04:00 PM Source: Bloomberg News (First Call corrects estimate starting in second paragraph. Removes references to lagging forecasts. Updates shares.) Seattle, July 25 (Bloomberg) -- F5 Networks Inc., whose equipment and software manage Web-site traffic, reported a fiscal third-quarter profit as revenue tripled. Net income was $3.85 million, or 17 cents a share, compared with a loss of $1.52 million, or 15 cents a year earlier. Revenue in the period ended June 30 climbed to $29.2 million from $7.61 million, up 24 percent from the prior quarter. That compares with an 82 percent increase in sales from the prior quarter at Alteon WebSystems, its most comparable rival. Cisco Systems Inc., the largest maker of Internet equipment, bought another close F5 rival, ArrowPoint Communications Inc., in June for about $5.6 billion. Shares of Seattle-based F5 rose 1/4 to 42 13/16 on the Nasdaq Stock Market. The stock has dropped 63 percent this year but have more than quadrupled since an initial public offering in June 1999. F5's shares dropped as much as 29 percent to 30 1/2 in after- hours trading before rebounding to 39 as the company tried to clear up confusion over analysts' earnings forecasts. Chief Financial Officer Robert Chamberlain said this was the first quarter the company recorded taxes on its results. Only three of six brokerage analysts who cover F5 included taxes in their per-share earnings estimates, he said. On average, those analysts forecast net income of 14 cents a share, Chamberlain said. The three analysts who excluded taxes forecast 19 cents a share on average, and F5 earned 22 cents before taxes, he said. Anthony Crooks, a research analyst at First Call/Thompson Financial, said his records showed two analysts who excluded taxes and five who included them. The estimates for each group were the same as those offered by Chamberlain, Crooks said. First Call previously said F5 was expected on average to earn 18 cents a share, based on a poll of seven analysts. That number mixed pretax and after-tax estimates, Crooks and Chamberlain said. On April 26, F5 shares tumbled 25 percent after the company's fiscal second-quarter results fell short of the most optimistic forecasts and lagged growth at Alteon and ArrowPoint. For the latest quarter, so-called whisper estimates posted on Internet sites ranged as high as 20 cents a share. Last week, F5 said it hired as its president and chief executive John McAdam, former general manager of Web-server sales at International Business Machines Corp. McAdam was previously president and chief operating officer of Sequent Computer Systems Inc., which IBM bought last September.