Updated from 5:18 p.m ET for latest share prices, links, added information on WebMD. NEW YORK ( TheStreet) -- Shares of F5 Networks ( FFIV) surged in late trades on Wednesday after the networking equipment maker posted above-consensus quarterly results and gave a bullish outlook. Seattle-based F5 reported a non-GAAP profit of $82.2 million, or $1.03 a share, for its fiscal first quarter ended Dec. 31 with revenue rising 20% year-over-year to $322.4 million. The average analyst estimate was for a profit of $1.01 a share in the quarter on revenue of $319.2 million. For its fiscal second quarter ending in March, F5 forecast non-GAAP earnings of $1.05 to $1.07 a share on revenue ranging from $332 million to $337 million. The consensus is currently calling for earnings of $1.05 a share in the three-month period on revenue of $330.5 million.
The stock was last quoted at $116.10, up 7%, on volume of more than 800,000, according to Nasdaq.com. "Strong sales in APAC Asia-Pacific , Japan, and particularly North America offset the seasonal slowdown that typically characterizes the first quarter of a new fiscal year. We were also pleased that sales in the EMEA region exceeded our expectations," said John McAdam, the company's president and CEO, in a statement. "Strength in product sales was driven in part by growing demand for VIPRION 2400, our recently introduced midrange chassis product, across all regions and vertical markets." Wall Street was bullish ahead of the report with 25 of the 35 analysts covering the stock at either strong buy (9) or buy (16), and the median 12-month price target sits at $117, implying potential upside of 8% from Wednesday's regular-session close at $108.46
Shares of Xilinx ( XLNX) jumped in the extended session after the maker of programmable logic chips easily eclipsed Wall Street's earnings expectations in its latest quarter. The company posted fiscal third-quarter earnings of $127 million, or 47 cents a share, on revenue of $511.1 million. The latest results included a tax benefit of 6 cents a share. The consensus view was for a profit of 37 cents a share in the December-ended period on revenue of $499.3 million.