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Shares of F5 Networks (NASDAQ:FFIV) decreased in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 12.11% over the past year to $2.50, which beat the estimate of $2.39.
Revenue of $645,287,000 rose by 10.60% from the same period last year, which beat the estimate of $635,980,000.
Guidance
Q3 EPS expected between $2.36 and $2.54.
Q3 revenue expected to be between $620,000,000 and $650,000,000.
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Date: Apr 27, 2021
Time: 04:30 PM
Price Action
52-week high: $216.15
Company's 52-week low was at $116.79
Price action over last quarter: Up 2.05%
Company Profile
F5 Networks is a market leader in the application delivery controller market. The company sells products for networking traffic, security, and policy management. Its products ensure applications are safely routed in efficient manners within on-premises data centers and across cloud environments. More than half of its revenue is based on providing services, and its three customer verticals are enterprises, service providers, and government entities. The Seattle-based firm was incorporated in 1996 and generates sales globally.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.