Investing.com - F5 Networks (NASDAQ:FFIV) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
F5 Networks announced earnings per share of $2.62 on revenue of $700.00. Analysts polled by Investing.com anticipated EPS of $2.52 on revenue of $692.07M.
F5 Networks shares are down 37% from the beginning of the year, still down 38.37% from its 52 week high of $249.00 set on December 29, 2021.
F5 Networks shares lost 3.56% in after-hours trade following the report.
F5 Networks follows other major Information Technology sector earnings this month
F5 Networks's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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