Tag Archives: ffiv

F5 Networks Q3 Revenue, Profit Growth Seen Slowing

F5 Networks’ (FFIV) earnings and revenue growth are expected to slow in fiscal Q3 as analysts await commentary from new CEO Manny Rivelo on the company’s earnings conference call. Seattle-based F5 is slated to report June-quarter earnings after the market close Wednesday. The data center gear maker is expected to earn $1.59 per share, up 15% from the year-earlier quarter, with revenue rising 9% to $481 million. In the June 2014 quarter, revenue

F5 Stock Downgraded By Citigroup On Revenue Growth

F5 Networks (FFIV) stock might be range-bound until revenue growth reaccelerates, says Citigroup, which on Monday downgraded the stock to neutral but raised its price target. Citigroup analyst Ehud Gelblum hikes his price target to 132 from 122. F5 Networks stock, which has slipped 5% this year, was down 1% in morning in the stock market today, near 124.50. Seattle-based F5 Networks is the No. 1 seller of application delivery controllers, which

F5’s New CEO Eyes Hybrid Cloud, Staying Independent

Manny Rivelo, incoming chief executive of F5 Networks, has a tough act to follow, but he has brought a new way of thinking at the company. Under John McAdam, F5’s CEO since 2000, the company grew to $1.7 billion in 2014 revenue, up from $100 million when he took the reins. McAdam is retiring June 30, but will stay on as board chairman. Seattle-based F5 Networks (FFIV) is the No. 1 seller of application delivery controllers, which direct data