Categories AlphaGraphs, Earnings, Technology

F5 Networks (FFIV): Q3 results beat estimates amid increased digital transformation

F5 Networks (NASDAQ: FFIV) reported upbeat results for its third quarter of 2020 due to the spurred demand for digitization. The company reported non-GAAP EPS of $2.18, which bettered the market’s estimated earnings of $2.03 per share. Non-GAAP revenue of $586 million surpassed the analysts’ view of $572.44 million.

FFIV stock rose about 1% in the after-market session.

F5 Networks (FFIV) Q3 2020 Earnings Infograph

For the fourth quarter of 2020 ending September 30, 2020, F5 expects to deliver both GAAP and non-GAAP revenue in the range of $595 million to $615 million with non-GAAP earnings in the range of $2.30 to $2.42 per share.

Looking forward to listening to management/ analysts comments on quarterly results? Stay tuned here for F5 Networks Q3 2020 earnings call transcript

Also Read:  Dave & Buster's Entertainment (PLAY) Earnings: 2Q20 Key Numbers

Most Popular

Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours

Infographic: Stitch Fix Q4 2020 earnings

Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street

Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates

Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended