FFIV / F5 stock falls after earnings as supply-chain problems crimp growth

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 t more_horizontal

F5, Inc. (NASDAQ:FFIV ) Q4 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Suzanne DuLong - Vice President, Investor Re more_horizontal

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 earn more_horizontal

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

Though soft IT spending amid the current macroeconomic uncertainty is likely to have weighed on F5's (FFIV) Q4 top-line growth, cost-saving initiative more_horizontal

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

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

As of July 25, 2023, F5 Inc ( FFIV , Financial) has seen a promising gain of 5.44% in its stock price, now trading at $158.38 per share. With a market more_horizontal