F5 Networks (FFIV) PT Raised to $120 at Jefferies

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Go back to F5 Networks (FFIV) PT Raised to $120 at Jefferies

F5 Networks Announces Fourth Quarter and Fiscal 2016 Results

October 26, 2016 4:06 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5 Networks, Inc. (NASDAQ: FFIV) today announced revenue of $525.3 million for the fourth quarter of fiscal year 2016, up 6 percent from $496.5 million in the prior quarter and 5 percent from $501.3 million in the fourth quarter of fiscal year 2015. For fiscal year 2016, revenue was $2.0 billion, up 4 percent from $1.92 billion last year.

GAAP net income for the fourth quarter was $108.9 million ($1.64 per diluted share) compared to $91.8 million ($1.37 per diluted share) in the third quarter of 2016 and $97.0 million ($1.36 per diluted share) in the fourth quarter a year ago. GAAP net income for the year was $365.9 million ($5.38... More