Shares in F5 Inc (NASDAQ:FFIV) leapt 11% higher after the multi-cloud management specialist said that it enjoyed a record quarter of revenue growth thanks to trends for "hybrid multicloud" and artificial intelligence. Hybrid multicloud refers to a cloud computing environment where technologies are used to manage and secure applications across a combination of public cloud providers like AWS and Azure, and an organization's own on-premises infrastructure.
F5 Inc FFIV stock is trading higher Wednesday after the company reported better-than-expected first-quarter financial results and issued strong second-quarter revenue guidance.
FFIV's overall Q1 results reflect the strong performance in each of its segments, backed by its strong execution and stable IT spending environment.
Shares of F5 (FFIV) traded at an all-time high Wednesday, a day after the cloud-solutions provider posted record results and strong guidance on increasing market demand.
F5 Inc. (FFIV) rallied at the opening bell after showing strong earnings, as did T-Mobile (TMUS) with promising customer growth. However, the strongest winner was arguably Brinker (EAT) after serving a strong plate of earnings and guidance led by its Chili's restaurant chain.
F5 stock (NASDAQ: FFIV) is trending higher on Wednesday, January 29, after the company posted upbeat Q1 fiscal 2025 results (fiscal ends in September) and an upward revision in its guidance for 2025. It posted revenue of $766 million and adjusted earnings of $3.84 per share, well above the consensus estimate of $715 million and $3.38, respectively.
I'm encouraged by F5, Inc.'s debt-free status and its significant cash position, making up approximately 6% of its market cap. The company's improved guidance pointing to 7% topline growth highlights a turnaround in IT spending trends. I believe F5, Inc.'s hybrid multi-cloud solutions address critical needs in a rapidly evolving digital landscape.
F5, Inc. (NASDAQ:FFIV ) Q1 2025 Earnings Conference Call January 28, 2025 4:30 PM ET Company Participants Suzanne DuLong - VP, IR Francois Locoh-Donou - President and CEO Cooper Werner - EVP and CFO Conference Call Participants Tim Long - Barclays Meta Marshall - Morgan Stanley Samik Chatterjee - JPMorgan Michael Ng - Goldman Sachs Tal Liani - Bank of America Amit Daryanani - Evercore ISI Matthew Hedberg - RBC James Fish - Piper Sandler Victor Chiu - Raymond James Matt Dezort - Needham & Company Sebastien Naji - William Blair Operator Good afternoon, and welcome to the F5, Inc. First Quarter Fiscal 2025 Financial Results Conference Call. [Operator Instructions] Also, today's conference is being recorded.
We continue our Q4 earnings parade, particularly after Wednesday's close.
F5 Networks (FFIV) came out with quarterly earnings of $3.84 per share, beating the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $3.43 per share a year ago.
F5 forecast second-quarter revenue above Wall Street estimates and beat first-quarter revenue estimates on Tuesday, anticipating stable demand for its cloud services, sending its shares up 13% in extended trading.
F5, Inc. FFIV will release earnings results for its first quarter, after the closing bell on Tuesday, Jan. 28, 2025.