We seem to have very low expectations right now. F5 Networks (FFIV) just reported a solid quarter, but nothing special versus expectations and is being treated very well in after hours. The company beat revenue by 1% ($322.4M v $319.4M) and EPS by 2 cents ($1.03 v $1.01).
As for guidance for next quarter, the company sees revenue in a range of $332 million to $337 million, and profit per share of $1.05 to $1.07. This is a slight raise versus current consensus of $330.5 million and $1.05 EPS. However the stock is now up to $114s after closing at $108.46. I've followed this stock for the better part of a decade and there have been quarters where this type of slight beat/in line-ish quarter/guidance would lead to a 15% downdraft.
Full report here.
This sort of action tells us the bar is very low out there…
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