Software revenue mix % of total product bookings $677 $797 $823 $903 $935 $13 $6 $3 $1 $1 $6 $5 $6 $6 $7 $0 $250 $500 $750 $1,000 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 $696 $808 $832 $ in millions $910 $943 $100 $500 $500 $350 $400 $0 $100 $200 $300 $400 $500 $600 FY20 FY21 FY22 FY23 FY24YTD 50% of annual FCF 77% of FY24 YTD free cash* flow used toward repurchases Committed buyback level FY21 – FY23 Colocation The non-GAAP adjustments, and F5's basis for excluding them from non-GAAP financial measures, are out ...

The first trading day of the week was flat. It didn't look like it was starting out that way, with pre-market futures well into the green — continuing Friday's rally for the full trading day. But around lunchtime, three of the four major indices went to zero and the small-cap Russell 2000 sank below it and never recovered. The Dow was down -0.12% today, while the S&P 500 and Nasdaq were up +0.08% and +0.07%, respectively. The Russell dove -1.02% by the closing bell. We're now getting to a key point in the F ...

Core Viewpoint - F5 Networks has shown mixed performance in the market, with a recent earnings report indicating a positive surprise, but overall stock performance has lagged behind the S&P 500 index this year [1][12]. Company Performance - F5 reported quarterly earnings of $3.36 per share, exceeding the Zacks Consensus Estimate of $2.97 per share, and up from $3.21 per share a year ago [9]. - The company posted revenues of $695.5 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.30%, although this represents a decline from year-ago revenues of $702.64 million [4]. - Over the last four quarters, F5 has surpassed consensus EPS estimates four times [10]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.32 on revenues of $715.21 million, and for the current fiscal year, it is $12.63 on revenues of $2.78 billion [6]. - The earnings surprise for the latest quarter was 13.13%, with a previous expectation of $2.88 per share compared to the actual $2.91 per share [3]. Industry Context - F5 belongs to the Zacks Internet - Software industry, which is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable industry outlook [13]. - The performance of F5's stock may be influenced by the overall industry trends and the upcoming earnings report from HubSpot, another company in the same sector, which is expected to show a 17% revenue increase year-over-year [8][7]. Future Expectations - The sustainability of F5's stock price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [11][5]. - The current status of estimate revisions for F5 is mixed, leading to a Zacks Rank of 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [12].

Third quarter fiscal year 2024 revenue totaled $695 million, compared with $703 million in the third quarter of fiscal year 2023. Software revenue of $179 million grew 3% from the year-ago period. Systems revenue of $130 million represented a decline of 16% from the prior year. Global services revenue of $387 million grew 3% from the year-ago period. GAAP gross profit for the third quarter of fiscal year 2024 was $559 million, representing GAAP gross margin of 80.4%. This compares with GAAP gross profit of ...

Under the agreement, Carahsoft will facilitate access to cybersecurity software products, which include software licenses, subscriptions, maintenance, support, and services from F5 to support Information Technology (IT) operations across the DoD enterprise. The BPA aligns with the Federal Acquisition Streamlining Act and with IT Category Management best practices, with the aim of minimizing the costs associated with traditional procurement processes. These processes include sourcing, technical document and ...

Wall Street analysts expect F5 Networks (FFIV) to post quarterly earnings of $2.97 per share in its upcoming report, which indicates a year-over-year decline of 7.5%. Revenues are expected to be $686.58 million, down 2.3% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before ...

Author - SEC EDGAR Data Takeaway pingingz One company that has really underperformed my own expectations as of late is F5, Inc. (NASDAQ:FFIV). You see, back in April of this year, I wrote an article that discussed earnings expectations for the second quarter of the company's 2024 fiscal year. I acknowledged in that article that analysts were predicting a decline in revenue but an increase in profitability. But even with that improvement on the bottom line, I felt as though shares were not yet cheap enough t ...

The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at $2.97 per share, indicating a decline of 7.5% from the year-ago quarter's reported figure. The consensus mark for revenues is pinned at $686.6 million, suggesting a 2.3% decrease from the year-ago quarter. In the last reported quarter, FFIV's non-GAAP earnings of $2.91 per share beat the Zacks Consensus Estimate of $2.88. However, revenues of $681 million for the fiscal second quarter missed the consensus mark of $686.9 million. Fac ...

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Bottom Line Estimate Revisions Trend So, this combination indicates that F5 w ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering F5 Networks (FFIV) , which belongs to the Zacks Internet - Software industry. For the last reported quarter, F5 came out with earnings of $2.91 per share versus the Zacks Consensus Estimate of $2.88 per share, representing a surprise of 1.04%. For the previous quarter, the company was expected to post earnings of $3.03 per share and it actually produced earni ...