F5 Networks up 3.6% on higher Q4 earning target
Shares of F5 Networks (Nasdaq:FFIV) got a 3.6% boost after the company said it expects to meet or exceed its earnings targets for its fiscal fourth quarter despite missing its revenue forecast.
The Seattle, Wash.-based network equipment manufacturer said early this morning that demand for its new entry-level products has been “strong,” exceeding initial forecasts.
By midday, F5 Networks is at $22.33, up $0.83 from Monday’s close. The stock has traded as low as $17.70 and as high as $44.55 in the past year.
For detailed price information and news stories on F5 Networks, click FFIV.
About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
Read More
(click a star)
Enter comment: