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Friday, March 29, 2024

F5 Networks (FFIV) With Slight Beat, but Market Very Happy

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

We seem to have very low expectations right now.  F5 Networks (FFIV) just reported a solid quarter, but nothing special versus expectations and is being treated very well in after hours.   The company beat revenue by 1% ($322.4M v $319.4M) and EPS by 2 cents ($1.03 v $1.01). 

As for guidance for next quarter, the company sees revenue in a range of $332 million to $337 million, and profit per share of $1.05 to $1.07.   This is a slight raise versus current consensus of $330.5 million and $1.05 EPS.  However the stock is now up to $114s after closing at $108.46.  I’ve followed this stock for the better part of a decade and there have been quarters where this type of slight beat/in line-ish quarter/guidance would lead to a 15% downdraft.

Full report here.

This sort of action tells us the bar is very low out there…


Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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