NEW YORK (TheStreet) -- Shares of F5 Networks (FFIV) - Get Report were falling 6.4% to $113.61 after-hours Wednesday after the application delivery networking technology company missed analysts' estimates for revenue in the fourth quarter of fiscal 2015, and issued a light guidance for the first quarter of fiscal 2016.
F5 Networks reported revenue of $501.3 million for the fiscal fourth quarter, a 7.7% increase from the year-ago quarter, but below the $506.52 million analysts expected. The company reported earnings of $1.84 a share for the quarter, above analysts' estimates of $1.74 a share.
"Against the backdrop of a volatile macro-economy, F5 achieved a year of solid growth and profitability," President and CEO Manny Rivelo said in a statement. "With a Q4 revenue run-rate above two billion dollars, record annual revenue and gross margins contributed to a 17% increase in GAAP net income for the year."
The company said it expects to report earnings of $1.13 to $1.16 a share, and revenue of $480 million to $490 million for the first quarter of fiscal 2016. Analysts expect earnings of $1.71 a share and revenue of $507.82 million for the quarter.
TheStreet Ratings team rates F5 NETWORKS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
We rate F5 NETWORKS INC (FFIV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
You can view the full analysis from the report here: FFIV