F5 Networks (FFIV) Tops Q1 EPS by 39c, Offers Guidance
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F5 Networks (FFIV) stock gains 9% on lifted full-year outlook; Analysts remain cautious
January 29, 2024 4:28 PM EST(Updated - January 30, 2024 6:57 AM EST)
F5 Inc. (NASDAQ: FFIV) reported its first-quarter results, surpassing the average analyst estimates.
The company achieved net revenue of $692.6 million, a decrease of 1.1% year-over-year, but higher than the expected $684.8 million. The adjusted earnings per share stood at $3.43, significantly higher than last year's $2.47 and exceeding the forecast of $3.04.
In light of these results, F5 revised its fiscal year 2024 adjusted earnings per share outlook, predicting a... More
