Application security provider F5 (NASDAQ: FFIV) will be announcing earnings results this Tuesday afternoon. Here’s what to look for.
F5 beat analysts’ revenue expectations last quarter, reporting revenues of $822.5 million, up 7.3% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.
Is F5 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting F5’s revenue to grow 7% year on year, in line with the 7.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F5 rarely misses Wall Street’s revenue estimates.
With F5 being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for software development stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.7% on average over the last month. F5 is up 9% during the same time .
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