Today's Trending Stocks
Click a Company to Research Now:
- Bank of America (BAC)
- Apple . (AAPL)
- Facebook (FB)
- AT&T (T)
- Nokia (NOK)
- Delcath Systems (DCTH)
- Mentor Graphics Corp (MENT)
- Complete Genomics (GNOM)
S&P 500 (NYSE:SPY) component F5 Networks, Inc. (NASDAQ:FFIV) reported higher profit for the second quarter as revenue showed growth. F5 Networks, Inc. provides technology that optimizes the security and performance of servers, data storage devices and other network resources.
Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!
F5 Networks Earnings Cheat Sheet for the Second Quarter
Results: Net income for the application software company rose to $55.6 million (68 cents/share) vs. $33.1 million (41 cents/share) YoY. A rise of 67.7% from the year earlier quarter.
Revenue: Rose 34.7% to $277.6 million YoY.
Actual vs. Wall St. Expectations: The mean analyst estimate accounting for adjustments for FFIV was 86 cents/share. Estimates ranged from 83 cents per share to 90 cents per share.
Quoting Management: “F5’s solid sequential and year-over-year revenue growth in the second quarter was driven by continuing strength in the Americas and APAC,” said John McAdam, president and chief executive officer.
Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 40%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 45.7% from the year earlier quarter.
The company has now seen net income rise in three-straight quarters. In the first quarter, net income rose 90.1% and in the fourth quarter of the last fiscal year, the figure rose 70.1%.
Competitors to Watch: Cisco Systems, Inc. (NASDAQ:CSCO), Blue Coat Systems (NASDAQ:BCSI), Radware (NASDAQ:RDWR), Riverbed Technology (RVDB), Procera (AMEX:PKT), Dialogic (NASDAQ:DLGC), NetScout Systems (NASDAQ:NTCT), Brocade (NASDAQ:BRCD), Hewlett-Packard (NYSE:HPQ), Citrix Systems, Inc. (NASDAQ:CTXS), and Juniper Networks, Inc. (NYSE:JNPR).
Today’s Performance: Shares of FFIV are up over 8% in after hours trading.
Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!
Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!
Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.
Click here now for your FREE trial to our acclaimed flagship newsletter:
