This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

F5 Sales Chief Leaving

F5 (FFIV - Get Report) beat fiscal fourth-quarter targets but guided in-line for the current quarter and said its sales chief will leave next month.

The Seattle Web switchmaker posted an adjusted profit of 31 cents a share. That number compares with pro forma earnings of 29 cents a share in the year-ago period.

Sales for the fiscal fourth quarter ended last month were $145.6 million, up 10% from $132.4 million in the prior quarter and 30% above the $111.7 million level a last year.

Analysts were looking for adjusted profit of 11 cents a share on $144 million in revenue, according to Yahoo Finance.

The news comes a mere 24 hours after Internet gearmaking rival Riverbed (RVBD - Get Report) reported disappointing numbers that sent the shares down 27% Wednesday.

Looking ahead, F5 says it expects fiscal first-quarter earnings to be around 21 cents on $155 million in sales. That forecast is roughly in line with analysts expectations.

F5 shares fell $3.76, or 9%, to $36.71 in after-hours trading Wednesday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
FFIV $121.96 -1.97%
RVBD $20.99 -0.05%
AAPL $125.80 -2.25%
FB $77.56 -1.59%
GOOG $530.80 -1.85%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs