Tech Stocks Earnings Roster For Apr 25: PYPL, CTXS & FFIV
Zacks Investment Research | Apr 24, 2018 03:16AM ET
The Q1 earnings season has started to gather steam, with results from 87 S&P 500 members having on board as of Apr 20.
Per the latest What's in the Offing for PayPal This Earnings Season? )
However, PayPal has an unfavorable combination of a Zacks Rank #3 and Earnings ESP of -0.43%, which makes an earnings beat prediction difficult.
Citrix Systems, Inc. (NASDAQ:CTXS) is slated to report first-quarter 2018 results. The company’s Software-as-a-Service revenues are expected to register strong growth in the first quarter. Moreover, strong efforts to expand product portfolio and improving customer base are positive.
Further, the merger between LogMeIn and Citrix's GoTo business is expected to drive growth. Additionally, deployment of Citrix’s XenDesktop and XenApp on Oracle (NYSE:ORCL) Cloud Marketplace is likely to bring in new customers which will aid the revenue generation in the soon-to-be reported quarter. (Read more: the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
F5 Networks, Inc. (NASDAQ:FFIV) is set to report second-quarter fiscal 2018 results.
F5 Networks is well poised to benefit from the growth prospects of the application-networking market with the help of its strong product portfolio. Moreover, continuous effort to enhance product offerings bode well and is likely to improve the customer base.
F5 Networks rolled out per application VE solutions to support web-application firewall and management of traffic. Also, the company recently launched iSeries platform, which is useful for new age applications such as Internet of Things.
The above mentioned endeavors are likely to boost the customer base, which in turn, will have a positive effect on the company’s second-quarter revenues. (Read more: F5 Networks to Post Q2 Earnings: A Beat in Store? )
F5 Networks carries a Zacks Rank #3 and has an Earnings ESP of +0.27%, which hints at an earnings beat in this quarter.
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