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:
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
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
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