F5 Networks beats by $0.24, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; announces additional $1 bln share repurchase program
- Reports Q4 (Sep) earnings of $2.44 per share, excluding non-recurring items, $0.24 better thanthe Capital IQ Consensus of $2.20 and vs. company guidance of $2.20-$2.23; revenues rose 2.4% year/year to $538 mln vs the $534.71 mln Capital IQ Consensus and company guidance of $530-$540 mln.
- "We finished fiscal 2017 on a solid note, delivering record fourth quarter and annual revenue and earnings," said Franois Locoh-Donou, F5 President and Chief Executive Officer. "We are excited by the meaningful role we are playing in helping customers solve the complexity of deploying applications across on-premise and multi-cloud environments. "We continued to see strong customer interest in our virtual edition and application security offerings during the fourth quarter, particularly in public cloud deployments. We expect the growing traction of our software based advanced application services will be a key driver of product revenue in fiscal 2018 and beyond."
- Co issues downside guidance for Q1, sees EPS of $2.02-$2.05, excluding non-recurring items, vs. $2.09 Capital IQ Consensus Estimate; sees Q1 revs of $515-$525 mln vs. $531.43 mln Capital IQ Consensus Estimate.
- The company also announced today that its board of directors had authorized an additional $1 billion for the company's common stock share repurchase program. This new authorization is incremental to the $173.7 million currently unused in the existing program which was initially authorized in October 2010.
No comments:
Post a Comment