Wednesday, January 19, 2011

FFIV misses Sales for Q1 & Q2.....

FFIV Q1 ER was a beat in EPS, but a miss on Sales

Guidance for Q2 is EPS in-line, but a miss on Sales.....

Here is the detail of ER :

Q1 Sales consensus $270.36 Million ....actual $268.9 Million miss by $1.46 Million

Q1 EPS consensus 82 cents ...actual 88 cents..beat by 6 cents

Q2 guidance EPS 85 cents in-line,Sales $277.5 million vs consensus of $280.59..a shortfall of $3.09 million.....

Currently stock trading @ $108.00 Bid..closed @ $138.78 Down $30.78 cents or 22.18%

Is this selling "overdone"...looks that way ?

I am holding all FFIV,will see how it goes in regular trading on Thursday.....hoping for "buy the weakness" from analysts.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Saleem,

I lost a big time for FFIV too. It wiped out my gain on 2011 and some... I am too hoping for some recover tomorrow.

Good luck to us all.

Michael

Stocks100 said...

Hi Michael,

Nice to see your note.

First Happy New Year !!!!

FFIV has a very good chance of getting to $120 area....

FFIV Sales guidance missed by only 1.1% but stock was taken down almost 23%..while EPS guidance was in-line.

These things do happen to the best of stocks...FFIV definitely surprised almost everybody...thus we all need to stay diversified.

Hopefully by close on Thursday we will feel a touch better.

FFIV,i am thinking of keeping it based on valuation NOW.

Good luck with your strategy.

Saleem