Benzinga | Jan 26, 2021 04:32PM EST

F5 Networks: Q1 Earnings Insights

Shares of F5 Networks (NASDAQ:FFIV) decreased in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 1.57% over the past year to $2.59, which beat the estimate of $2.46.

Revenue of $624,617,000 rose by 9.72% year over year, which missed the estimate of $625,270,000.

Looking Ahead

Q2 EPS expected to be between $2.32 and $2.44.

Q2 revenue expected between $625,000,000 and $645,000,000.

Conference Call Details

Date: Jan 26, 2021

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.f5.com%2F&eventid=2930420&sessionid=1&key=ABCD8E91877CA219F87C2D27FE68E12C&regTag=&V2=false&sourcepage=register

Price Action

52-week high: $211.01

Company's 52-week low was at $79.78

Price action over last quarter: Up 48.98%

Company Overview

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.