Flash: F5 Networks beats by $0.06, reports revs in-line; guides Q4 EPS in-line, revs in-line

Reports Q3 (Jun) earnings of $0.97 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.91; revenues rose 26.1% year/year to $290.7 mln vs the $290.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.97-0.99 vs. $0.98 Capital IQ Consensus Estimate; sees Q4 revs of $307-312 mln vs. $309.62 mln Capital IQ Consensus Estimate. “Strong sales in APAC and Japan, in particular of our high-end products, accounted for most of the revenue growth during the quarter… EMEA revenue was down from the prior quarter, and Americas revenue was up only slightly, due in part to a slowdown in U.S. Federal sales… With the rollout of these new products and a number of others over the coming year, we continue to believe that our competitive position in the traditional ADC market has never been stronger, and that the opportunity to expand our footprint in adjacent markets has never been greater. As a result, we remain confident in our ability to sustain top-line growth and profitability by continuing to expand our reach into new and existing markets and by hiring and retaining the best people.”