Why F5 Stock Jumped Today
F5 (NASDAQ: FFIV) stock gained in Wednesday's daily trading. The company's share price ended the day up more than 2%, according to data from S&P Global Market Intelligence.
After the market closed Tuesday, F5 published results for the fourth quarter of its 2023 fiscal year -- which ended Sept. 30. Sales and earnings performance for the period came in ahead of market expectations and helped to send the software specialist's share price higher.
F5 reported non-GAAP (adjusted) earnings per share of $3.50 on sales of $706.97 million. For comparison, the average analyst estimate had called for per-share earnings of $3.21 on sales of roughly $702.25 million. F5's sales were up roughly 1% year over year in the quarter, and its adjusted earnings per share were up roughly 33.6% compared to the prior-year period.
Source Fool.com
