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S&P 500 (NYSE:SPY) component F5 Networks, Inc. (NASDAQ:FFIV) will unveil its latest earnings on Wednesday, April 18, 2012. F5 Networks provides technology that optimizes the security and performance of servers, data storage devices and other network resources.
F5 Networks, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 86 cents per share, a rise of 26.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 84 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 86 cents during the last month. Analysts are projecting profit to rise by 23.3% versus last year to $3.65.
Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 83 cents a share versus the estimate of net income of 81 cents a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts predict a rise of 20.8% in revenue from the year-earlier quarter to $335.3 million.
Analyst Ratings: Analysts are bullish on this stock, with 15 analysts rating it as a buy, none rating it as a sell and 12 rating it as a hold.
A Look Back: In the first quarter, profit rose 19.5% to $66.5 million (83 cents a share) from $55.7 million (68 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 19.9% to $322.4 million from $268.9 million.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 26.1% over the last four quarters.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 54.5% in the third quarter of the last fiscal year and 40.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Stock Price Performance: Between January 17, 2012 and April 12, 2012, the stock price rose $17.84 (16.8%), from $106.31 to $124.15. The stock price saw one of its best stretches over the last year between January 17, 2012 and January 24, 2012, when shares rose for six straight days, increasing 15.8% (+$16.79) over that span. It saw one of its worst periods between April 3, 2012 and April 11, 2012 when shares fell for six straight days, dropping 11.2% (-$15.41) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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