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 ...

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 ...

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A month has gone by since the last earnings report for F5 Networks (FFIV) . Shares have added about 1.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is F5 due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. F5 Q2 Earnings Surpass Estimates, Revenues Fall Y/Y F5 repo ...