FFIV Stock Recent News

SEATTLE--(BUSINESS WIRE)--F5, Inc. (NASDAQ: FFIV) announced it will report its first quarter fiscal year 2024 financial results on Monday, January 29, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on January 29, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877).

F5 (FFIV) rises 21.2% after fourth-quarter fiscal 2023 earnings release, driven by investors' confidence in its strong financials and strategic position in the application networking market.

F5 beat sales and earnings expectations in the fourth quarter. The company also guided for solid earnings growth in its next fiscal year even though the business is facing pressures.

F5, Inc. (NASDAQ:FFIV ) Q4 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Suzanne DuLong - Vice President, Investor Relations Francois Locoh-Donou - President and Chief Executive Officer Frank Pelzer - Executive Vice President and Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Alex Henderson - Needham & Company Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Michael Ng - Goldman Sachs Tim Long - Barclays Ray McDonough - Guggenheim James Fish - Piper Sandler Simon Leopold - Raymond James Operator Good afternoon, and welcome to the F5, Inc. Fourth Quarter Fiscal 2023 Financial Results Conference Call. [Operator Instructions] Also, today's conference is being recorded.

F5 Networks (FFIV) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $2.62 per share a year ago.

Yet, the company is set to announce its fiscal fourth-quarter earnings on Tuesday, October 24th shortly after the market closes.

Though soft IT spending amid the current macroeconomic uncertainty is likely to have weighed on F5's (FFIV) Q4 top-line growth, cost-saving initiatives are anticipated to have boosted the bottom line.

Although these companies are from different sectors, we compare them because they have a similar market capitalization of $9 billion - $10 billion.

F5 (FFIV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

F5's fiscal third-quarter earnings report beat Wall Street's expectations. The company is cutting costs to stabilize margins as its revenue growth cools off.