F5 Inc (FFIV) Stock Surges Over 11% Pre-Market Following Strong Financial Results

Oct 29, 2024

F5 Inc (FFIV, Financial) saw its stock rise over 11% in pre-market trading after reporting impressive financial results for its fiscal fourth quarter. As of September 30, the company achieved a revenue of $746.7 million, surpassing the previous year's $707 million and beating analyst expectations of $730.6 million.

Looking ahead, F5 anticipates its non-GAAP earnings per share for the first quarter of fiscal 2025 to be between $3.29 and $3.41, with revenue projected to range from $705 million to $725 million.

In addition to the strong financial performance, F5 announced that its board of directors has authorized an additional $1 billion for its common stock repurchase program, signaling confidence in the company's future growth prospects.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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