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F5 Networks (NASDAQ:FFIV) Beats Q1 Sales Targets, Stock Jumps 10.6%

Network application delivery and security specialist F5 Networks (NASDAQ:FFIV) beat analysts' expectations in Q1 FY2024, with revenue down 1.1% year on year to $692.6 million. Guidance for next quarter's revenue was also better than expected at $685 million at the midpoint, 1.7% above analysts' estimates. It made a non-GAAP profit of $3.43 per share, improving from its profit of $2.47 per share in the same quarter last year.
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Source: yahoo.com

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