Wed 19 January 2011 19.03 IST Clock
* Q1 adj EPS $ 0.88 vs. $ 0.83 is.
* Q1 268.9 million versus $ rev is. $ 270.3 million
* Sees Q2 adj EPS $ 0.84 vs. $ 0.86 $ 0.85-east.
* Sees Q2 rev $ 275 - $ 280 000 000 VS. 280.7 million dollars
* Shares up 23 percent after-MKT (revised details, adds analyst comments, share movement updates)
By Siddharth Cavale and Himanka Sharma
BANGALORE, 19 (Reuters) - Networks (FFIV.O) forecast weak sales in the second quarter and broke F5 networking equipment stocks on fears that the market for managing the explosion of Internet traffic as quickly as planned not grow.
Shares of F5 Networks has exceeded market expectations plunged in the past seven quarters by 23 percent after the company forecast weaker than expected revenues for the period January-March quarter.
F5 Networks, a leader in the market for network optimization, has made the need for network bandwidth, as millions of smartphones, and users will have tablets to manage the exponential growth of data traffic.
"The expectations were somewhat high because the company has already achieved to date in recent quarters," said analyst Rajesh Ghai Think Equity.
"However, performance on an absolute basis does not complain much. They have become a victim of its own success."
F5 Networks, whose shares have almost tripled over the last 12 months is in competition with giant Cisco Networks (CSCO.O) and smaller peers as Riverbed (RVBD.O) and Blue Coat Systems (BCSI.O).
Shares of Cisco were about 1 percent, while those from Riverbed has declined 9 percent in the aftermarket. data were BlueCoat trading up 9 percent and in the middle of service provider Equinix Inc. (EQIX.O) fell 3.8 percent.
For the January-March quarter, when Seattle-based F5 Networks' revenue forecast of $ 275 - $ 280 million, 280.7 million below Wall Street consensus of $.
The company) is one of AT & T (TN that the client expects a profit of 84-86 cents per share excluding exceptional items for the period. Analysts expect 85 cents per share, according to Thomson Reuters, I / B / E / S
October-December profit almost doubled to an increase of 40 percent of revenue.
The company had received a takeover offer of last year and remains a potential target for tech giants like IBM (IBM) and HP (HPQ.N). (Additional reporting by Supantha Mukherjee in Bangalore, edited by Saumyadeb Chakrabarty and Maju Samuel)
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