Investing.com - F5 Networks 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 Wednesday, December 29, 2021.
F5 Networks shares lost 3.56% in after-hours trade 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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