F5 jumps after upbeat Q2 forecast, beating results estimates

F5

28/01/2025 21:35

** Shares of cybersecurity and cloud services firm F5
 FFIV.O  jump 13% to $304.7 in after-hours trading 
    ** Company forecasts Q2 revenue to range between $705 mln
and $725 mln, above estimates of $702.7 mln, according to data
compiled by LSEG
    ** Raises FY25 revenue forecast to a growth of 6% to 7% over
FY24, from a projection of 4% to 5%
    ** Posts Q1 revenue of $766.49 mln, compared with estimates
of $715.4 mln
    ** FFIV had risen 40.5% in 2024

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))