SYDNEY, AUSTRALIA – 11 March 2024 – F5 (NASDAQ: FFIV) has announced it has added new automated reconnaissance and penetration testing capabilities into F5 Distributed Cloud Services . These capabilities, enabled via the acquisition of .
Network application delivery and security specialist F5 Networks (NASDAQ:FFIV) beat analysts' expectations in Q1 FY2024, with revenue down 1.1% year on year to $692.6 million. Guidance for next quarter's revenue was also better than expected at $685 million at the midpoint, 1.7% above analysts' estimates. It made a non-GAAP profit of $3.43 per share, improving from its profit of $2.47 per share in the same quarter last year.
F5 (FFIV) delivered earnings and revenue surprises of 13.20% and 0.80%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
Network application delivery and security specialist F5 Networks (NASDAQ:FFIV) reported results in line with analysts' expectations in Q4 FY2023, with revenue flat year on year at $707 million. However, next quarter's revenue guidance of $685 million was less impressive, coming in 1.69% below analysts' estimates. Turning to EPS, F5 Networks made a non-GAAP profit of $3.50 per share, improving from its profit of $2.62 per share in the same quarter last year.