F5 Networks beats by $0.05, reports revs in-line; guides Q3 EPS above consensus, revs below consensus; adds $1 bln to buyback
- Reports Q2 (Mar) earnings of $1.68 per share, $0.05 better than the Capital IQ Consensus of $1.63; revenues rose 2.5% year/year to $483.7 mln vs the $486.02 mln Capital IQ Consensus.
- Co issues mixed guidance for Q3, sees EPS of $1.77-1.80, excluding non-recurring items, vs. $1.74 Capital IQ Consensus Estimate; sees Q3 revs of $490-500 mln vs. $502.72 mln Capital IQ Consensus Estimate.
- Board of directors had authorized an additional $1 billion for the company's common stock share repurchase program. This new authorization is incremental to the $73.8 million currently unused in the existing program which was initially authorized in October 2010.
- "Given the backdrop of a continued difficult macro and spending environment, I was pleased with our execution, as we delivered revenue within our guided range while maintaining solid profitability." said John McAdam, F5 President and Chief Executive Officer. "In addition, sales of our Better/Best software bundles, Virtual Editions, and Silverline subscription services all grew during the quarter as customers continued to embrace hybrid strategies and venture into public and private clouds."
Looks like $JNPR is isolated.