Application security provider F5 (NASDAQ: FFIV) will be reporting earnings this Monday after market hours. Here’s what investors should know.
F5 beat analysts’ revenue expectations last quarter, reporting revenues of $811.7 million, up 11% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ billings estimates and full-year EPS guidance exceeding analysts’ expectations.
Is F5 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting F5’s revenue to grow 7% year on year, slowing from the 12.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. F5 has a history of exceeding Wall Street’s expectations.
With F5 being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for software development stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.9% on average over the last month. F5’s stock price was unchanged during the same time .
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