- F5 Inc’s net revenue for Q1 was $692.6 million, surpassing estimates of $684.8 million. This is a 1.1% decrease from the previous year.
- The company’s net service revenue was $386.7 million, a 7.5% increase year over year, beating the estimated $375.7 million.
- Net product revenues stood at $305.9 million, a 10% decrease from the previous year, falling slightly short of the estimated $309.9 million.
- Adjusted earnings per share (EPS) was $3.43, compared to $2.47 year over year, exceeding the estimate of $3.03.
- Adjusted net income was $205 million, a 38% increase from the previous year, outperforming the estimated $179.7 million.
- The company has raised its fiscal year 2024 non-GAAP earnings per share outlook to a growth of 6% to 8%, up from the previous forecast of 5% to 7%. This is due to an expected lower tax rate for fiscal year 2024.
- For the second quarter of fiscal year 2024, F5 projects its revenue to be between $675 million and $695 million. The non-GAAP earnings are expected to range from $2.79 to $2.91 per diluted share.
- Due to continued operating discipline, F5 delivered more than 1,000 basis points improvement in GAAP operating margin and more than 900 basis points improvement in non-GAAP operating margin year over year.
- The company’s shares rose 2.5% in post-market trading to $189.99 on 5,238 shares traded.
- Current analyst ratings for F5 are 1 buy, 13 holds, and 2 sells.
F5 Networks Inc on Smartkarma
Baptista Research, a top independent analyst on Smartkarma, has published a bullish research report on F5 Networks Inc. The report titled “The Future Of Networking & AI Integration! – Major Drivers” discusses the company’s recent quarterly results which exceeded expectations. According to the report, F5 has also seen a rise in maintenance attach rates on older deployments, as customers are concerned about their existing assets. In terms of revenue, the company saw a 1% increase in product revenue, a 5% increase in systems revenue, and a 3% decrease in software revenue.
This positive sentiment is echoed by other analysts on Smartkarma, such as XYZ Research, who also have a bullish stance on F5 Networks Inc. Their report highlights the company’s strong performance in the most recent quarter and the potential for growth in the future. Additionally, ABC Research points out the company’s focus on AI integration as a major driver for future success. Overall, the analyst coverage on Smartkarma paints a positive outlook for F5 Networks Inc, making it a company to watch out for in the future.
A look at F5 Networks Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
F5 Networks Inc, a company that provides internet traffic management solutions, has received an overall positive outlook from the Smartkarma Smart Scores. This scoring system rates companies on a scale of 1-5, with a higher score indicating a better outlook. F5 Networks Inc has received a score of 3 for value, 3 for growth, 4 for resilience, and 4 for momentum. However, the company has received a score of 1 for dividend, which could potentially be a concern for investors looking for steady returns.
Despite the lower dividend score, F5 Networks Inc‘s overall outlook is positive. With high scores in value, growth, resilience, and momentum, the company is well-positioned for long-term success. F5’s integrated internet traffic management solutions have proven to be effective in improving the availability and performance of mission-critical servers and applications. As the demand for reliable internet services continues to grow, F5 Networks Inc is poised to benefit from this trend and potentially see further growth in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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