F5 Networks Stock Surged Over 10% On Earnings: Why Investors Should Still Be Concerned
F5 Networks (NASDAQ: FFIV) posted solid fiscal second-quarter revenue growth and better-than-expected non-GAAP (adjusted) earnings per share as the tech specialist transitions from its legacy hardware business to cloud and cybersecurity software.
As a result, shares jumped by more than 10% on earnings, but investors should look beyond these apparently strong results.
Fiscal second-quarter revenue of $585.6 million, up 7.5% year over year, reached the midpoint of management's guidance range of $580 million to $590 million, which seems encouraging given the coronavirus-induced uncertainties.
Source Fool.com
