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

To: JakeStraw who wrote (1679)	10/21/2009 5:00:06 PM
From: Moonray	Respond to of 1801

F5 Networks 4th-qtr profit beats Street; shares up Wed Oct 21, 2009 4:48pm EDT * Q4 adj EPS $0.50 tops estimates by 9 cents * Q1 earnings forecast beats estimates * Shares rise 8 percent in trading after the bell Oct 21 (Reuters) - Network-equipment maker F5 Networks Inc's (FFIV.O) quarterly profit beat market estimates on increased bookings and improved customer spending, sending its shares up 8 percent. The company also gave a strong outlook for the first quarter. Fourth-quarter net income increased to $28.4 million, or 36 cents per share, from $19.7 million, or 24 cents per share, a year earlier. Revenue rose about 2 percent to $175.1 million. Excluding items, earnings were 50 cents a share. Analysts expected earnings of 41 cents a share, excluding exceptional items, on revenue of $163.9 million, according to Thomson Reuters I/B/E/S. For the first quarter, the company -- whose rivals include Cisco Systems (CSCO.O) and Juniper Networks (JNPR.O) -- forecast earnings of 47 cents to 49 cents, excluding items. Analysts were expecting 43 cents a share. Shares of the Seattle-based company, were up $2.87 at $44.40 in trading after the bell. They closed at $41.53 Wednesday on Nasdaq. They have gained about 84 percent this year. (Reporting by S. John Tilak in Bangalore; Editing by Saumyadeb Chakrabarty) o~~~ O