Missed on revenue, stock just falling extremely hard after hours. Some of these high flying stocks didn't deserve such high stock prices! F5 Networks, Inc. (NasdaqGS: FFIV ) After Hours: 107.60 Down 31.05 (22.37%) 6:18PM EST
It might not have deserved the price it was at but it does have a very large earnings growth path. Not out of line with many other growth companies. It did miss on revenue but not by much ($268.9 million vs. est of 270.3) They also beat adjusted earnings. I think the real pressure came from the forward guidance. $275M-280M vs est of $280M I started buying some in after hours looking for a pop tomorrow. It does appear to be overdone in the sell off to me. Especially after listening to the conference call and looking at the numbers in a spreadsheet. I am not going to get married to it but we see over reactions like this all the time. CREE was a good example today. It never traded as low as the close in after hours yesterday after their earnings came out. Best RW
Option seller talking to neighbor feeling a bit proud of his new boat he bought being smarter than the market. "Look, I sell these way out of the money options that will NEVER get exercised and I make basically free money" "You should take a look at it as its almost impossible to lose".....LOL