F5 Networks Q1 Earnings Preview

F5 Networks, Inc. FFIV will release its fiscal Q1 2015 earnings report after the market close on Wednesday. Analysts expect revenue of $467.25 million with EPS of $1.49.

Deutsche Bank rated the company a Buy and called “for a slight beat on the print and an inline to slight positive Mar Q guide versus consensus.”

Analyst Brian Modoff’s “differentiated call is FFIV seeing strength in ‘Security’ and in ‘Telcos’ – versus consensus anticipating below seasonal Telco revs in Dec and Mar Q. FY16 consensus expectations for 12 percent rev growth is conservative in our view. We see upward estimates revisions – as FFIV executes solidly in Security and in Telco NFV, and believe mid to high teens rev growth is a reasonable view for FY16+.”

D.A. Davidson’s Mark Kelleher estimated EPS at $1.47 on revenue of $462.0 million, slightly below consensus.

Kelleher thought that “F5 offers the most complete application delivery platform in the market. Its Traffic Management Operating System provides the foundation for a wide variety of Application Delivery modules, allowing the company to continuously expand its total addressable market. With strong gross margins and cash flow generation, the company has significant financial flexibility to attack new market opportunities.”

Shares of F5 Networks, Inc. have declined 4.73 percent over the past month and heading into the earnings release the stock traded at $126.49, up 0.19 percent.