Benzinga | Jul 27, 2020 04:17PM EDT

Recap: F5 Networks Q3 Earnings

Shares of F5 Networks (NASDAQ:FFIV) rose 1.63% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 13.49% year over year to $2.18, which beat the estimate of $2.03.

Revenue of $583,252,000 rose by 3.52% year over year, which beat the estimate of $571,940,000.

Outlook

Q4 EPS expected to be between $2.30 and $2.42.

Q4 revenue expected to be between $595,000,000 and $615,000,000.

Conference Call Details

Date: Jul 27, 2020

Time: 04:30 PM

ET Webcast URL: https://investors.f5.com/home/default.aspx

Price Action

52-week high: $156.36

52-week low: $79.78

Price action over last quarter: Up 7.37%

Company Description

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.