Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
F5 Networks
CEO: Francois Locoh-Donou
Dec. 30, 2016:$144.72
March 31, 2017:$142.57
Change: -1.49%
In January F5 Networks named Francois Locoh-Donou, senior vice president and chief operating officer at networking vendor Ciena, to be the company's new president and CEO effective April 3. Locoh-Donou replaced longtime CEO John McAdams, who retired.
Also in January F5 Networks expanded beyond its application delivery product focus by launching a line of security products.
For its fiscal 2017 first quarter (ended Dec. 31) F5 Networks reported revenue of $516.0 million, up more than 5 percent from $489.5 million in the same quarter one year earlier. Net income for the quarter was $94.2 million, up 5 percent from $89.7 million one year before.