Shares of networking equipment vendor F5 Networks (FFIV) are up $4.99, or 5%, at $103.80 in late trading after the company this afternoon reported fiscal Q1 revenue and earnings per share that missed consensus expectations, but offered a Q2 revenue view below consensus and profit per share above consensus.
Revenue in the three months ended in December rose 13%, year over year, to $365.5 million, yielding EPS of $1.14.
Analysts had been modeling $366.7 million and $1.15.
CEO John McAdam remarked that “strong sales to North American enterprises and service providers were offset by a substantial slowdown in U.S. Federal sales,” and that “Japan sales were also weak during the quarter, in contrast to continuing strength in Europe and solid� year-over-year growth in the rest of the Asia-Pacific region.”
For the current quarter, the company sees revenue in a range of $370 million to $380 million, and EPS in a range of $1.21 to $1.24. That compares to consensus of $379.6 million and $1.20 per share.
Shares of networking competitors are mixed in late trading, with Cisco Systems (CSCO) shares down 13 cents, or 0.6%, at $20.49, Juniper Networks (JNPR) shares down 21 cents, or 1%, at $21.07, Riverbed Technology (RVBD) shares up a penny at $18.95, and Acme Packet (APKT) shares off a penny at $23.74.
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