Why F5 Stock Is Rising After The Bell?
Portfolio Pulse from Adam Eckert
F5 Inc's shares are trading higher after the company reported better-than-expected Q3 financial results. Revenues were up 4% YoY, with global services revenue climbing 8% and product revenue increasing 1%. However, software sales were down 3%. The company's Q4 outlook is in line with analyst consensus.
July 24, 2023 | 8:36 pm
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F5 Inc reported better-than-expected Q3 results, leading to a rise in its stock price. The company's Q4 outlook is also in line with analyst consensus.
F5 Inc's better-than-expected Q3 results have led to a positive sentiment among investors, causing the stock price to rise. The company's Q4 outlook, which is in line with analyst consensus, also adds to the positive sentiment.
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IMPORTANCE 80
RELEVANCE 100