F5 Networks, Inc. (NASDAQ:FFIV) is set to announce third quarter earning results on Monday 27th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FFIV to report 3Q20 income of $ 2.03 per share from revenue of $ 572.44 million.
For the full year, analysts anticipate top line of $ 2324.78 million, while looking forward to income of $ 9.09 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 555.00 million ~ $ 585.00 million
Click Here For More Historical Outlooks Of F5 Networks, Inc.
Previous Quarter Performance
F5 Networks, Inc. came out with income for the second quarter of $ 2.23 per share, from the revenue of $ 583.45 million. The quarterly earnings shrunk 13.23 percent compared with the same quarter last year. Wall street analysts are predicting, FFIV to report 2Q20 income of $ 1.95 per share from revenue of $ 559.04 million. The bottom line results beat street analysts by $ 0.28 or 14.36 percent, at the same time, top line results outshined analysts by $ 24.41 million or 4.37 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of F5 Networks, Inc.
Stock Performance
According to the previous trading day, closing price of FFIV was $ 152.34, representing a 90.95 % increase from the 52 week low of $ 79.78 and a 2.57 % decrease over the 52 week high of $ 156.36.
The company has a market capital of $ 9.28 billion and is part of the Technology sector and Software – Infrastructure industry.
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Recent Analyst recommendations
- On 9th July 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Conference Call
F5 Networks, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th July 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.f5.com
F5 Networks, Inc. develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The companys primary application delivery technology is Traffic Management Operating System (TMOS) that enable companys products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
