F5 Networks (Nasdaq: FFIV ) reported earnings on Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), F5 Networks met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Gross margins improved, operating margins grew, and net margins shrank.
F5 Networks logged revenue of $352.6 million. The 39 analysts polled by S&P Capital IQ wanted to see revenue of $353.2 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $290.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.14. The 39 earnings estimates compiled by S&P Capital IQ forecast $1.14 per share. GAAP EPS of $0.91 for Q3 were 18% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 82.9%, 90 basis points better than the prior-year quarter. Operating margin was 31.2%, 80 basis points better than the prior-year quarter. Net margin was 20.5%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $376.6 million. On the bottom line, the average EPS estimate is $1.24.
Next year's average estimate for revenue is $1.39 billion. The average EPS estimate is $4.50.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 691 members rating the stock outperform and 59 members rating it underperform. Among 206 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give F5 Networks a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on F5 Networks is outperform, with an average price target of $138.49.
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