Subtext

F5, Inc. FFIV

SectorInformation Technology
Transcripts57
Date range2010-01-20 – 2025-04-28
Calls charted57

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162010 Q12013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22025 Q22010 Q1 · Overall: +2.62011 Q3 · Overall: +6.22011 Q4 · Overall: +10.22012 Q1 · Overall: +10.22012 Q2 · Overall: +11.52012 Q3 · Overall: +2.02012 Q4 · Overall: +5.72013 Q1 · Overall: +7.12013 Q2 · Overall: +5.22013 Q3 · Overall: +5.42013 Q4 · Overall: +8.32014 Q1 · Overall: +8.92014 Q2 · Overall: +12.02014 Q3 · Overall: +13.62014 Q4 · Overall: +11.62015 Q1 · Overall: +10.22015 Q2 · Overall: +10.62015 Q3 · Overall: +7.42015 Q4 · Overall: +9.12016 Q1 · Overall: +3.72016 Q2 · Overall: +5.02016 Q3 · Overall: +7.52016 Q4 · Overall: +5.02017 Q1 · Overall: +8.32017 Q2 · Overall: +6.52017 Q3 · Overall: +3.52017 Q4 · Overall: +7.62018 Q1 · Overall: +9.02018 Q2 · Overall: +8.82018 Q3 · Overall: +5.02018 Q4 · Overall: +6.92019 Q1 · Overall: +7.32019 Q2 · Overall: +5.02019 Q3 · Overall: +2.62019 Q4 · Overall: +7.12020 Q1 · Overall: +6.62020 Q2 · Overall: +1.62020 Q3 · Overall: +7.02020 Q4 · Overall: +4.32021 Q1 · Overall: +0.32021 Q2 · Overall: +0.02021 Q3 · Overall: +2.72021 Q4 · Overall: +4.12022 Q1 · Overall: +0.32022 Q2 · Overall: -3.42022 Q3 · Overall: -1.32022 Q4 · Overall: +1.42023 Q1 · Overall: +1.62023 Q2 · Overall: -4.52023 Q3 · Overall: +7.22023 Q4 · Overall: +6.12024 Q1 · Overall: +6.72024 Q2 · Overall: -0.32024 Q3 · Overall: +8.42024 Q4 · Overall: +13.22025 Q1 · Overall: +11.92025 Q2 · Overall: +9.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-16+0+16+312010 Q12013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22025 Q22010 Q1 · CEO: +11.42011 Q3 · CEO: +13.62011 Q4 · CEO: +17.72012 Q1 · CEO: +25.72012 Q2 · CEO: +21.02012 Q3 · CEO: +12.72012 Q4 · CEO: +17.62013 Q1 · CEO: +16.12013 Q2 · CEO: +11.42013 Q3 · CEO: +11.32013 Q4 · CEO: +14.32014 Q1 · CEO: +16.82014 Q2 · CEO: +26.82014 Q3 · CEO: +17.12014 Q4 · CEO: +19.22015 Q1 · CEO: +18.92015 Q2 · CEO: +16.72015 Q3 · CEO: +11.12015 Q4 · CEO: +13.02016 Q1 · CEO: +10.42016 Q2 · CEO: +12.52016 Q3 · CEO: +13.32016 Q4 · CEO: +9.52017 Q1 · CEO: +15.22017 Q2 · CEO: +16.72017 Q3 · CEO: +10.02017 Q4 · CEO: +14.72018 Q1 · CEO: +18.52018 Q2 · CEO: +13.62018 Q3 · CEO: +7.32018 Q4 · CEO: +10.62019 Q1 · CEO: +13.52019 Q2 · CEO: +8.72019 Q3 · CEO: +7.92019 Q4 · CEO: +10.72020 Q1 · CEO: +14.52020 Q2 · CEO: +5.22020 Q3 · CEO: +11.62020 Q4 · CEO: +6.62021 Q1 · CEO: +9.02021 Q3 · CEO: +5.32021 Q4 · CEO: +7.02022 Q1 · CEO: +3.42022 Q2 · CEO: +1.82022 Q3 · CEO: +2.32022 Q4 · CEO: +8.52023 Q1 · CEO: +7.52023 Q2 · CEO: -4.12023 Q3 · CEO: +7.62023 Q4 · CEO: +10.72024 Q1 · CEO: +14.12024 Q2 · CEO: -2.12024 Q3 · CEO: +10.12024 Q4 · CEO: +17.92025 Q1 · CEO: +16.12025 Q2 · CEO: +15.52010 Q1 · CFO: +6.82011 Q3 · CFO: -3.52011 Q4 · CFO: +6.72012 Q1 · CFO: +20.82012 Q3 · CFO: +6.62012 Q4 · CFO: +7.92013 Q1 · CFO: +2.72014 Q2 · CFO: +13.72014 Q3 · CFO: +27.12015 Q1 · CFO: +14.12015 Q2 · CFO: +10.82015 Q3 · CFO: +11.72015 Q4 · CFO: +6.12016 Q1 · CFO: +13.22016 Q3 · CFO: +7.02016 Q4 · CFO: +8.02017 Q1 · CFO: +6.12017 Q2 · CFO: +9.32017 Q3 · CFO: +6.52017 Q4 · CFO: +8.92018 Q1 · CFO: +7.42018 Q2 · CFO: +6.62018 Q3 · CFO: +15.82018 Q4 · CFO: +9.02019 Q1 · CFO: +14.42019 Q2 · CFO: +9.72019 Q3 · CFO: +7.52019 Q4 · CFO: +12.32020 Q1 · CFO: +6.22020 Q2 · CFO: +5.52020 Q3 · CFO: +4.92020 Q4 · CFO: +10.52021 Q1 · CFO: +9.52021 Q3 · CFO: +3.12021 Q4 · CFO: +4.62022 Q1 · CFO: +5.12022 Q2 · CFO: -3.02022 Q3 · CFO: +3.22022 Q4 · CFO: +2.02023 Q1 · CFO: +5.62023 Q2 · CFO: +5.72023 Q3 · CFO: +17.02023 Q4 · CFO: +7.42024 Q1 · CFO: +7.82024 Q2 · CFO: +10.52024 Q3 · CFO: +10.12024 Q4 · CFO: +15.72025 Q1 · CFO: +18.22025 Q2 · CFO: +15.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-32-16+0+16+322010 Q12013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22025 Q22010 Q1 · Prepared remarks: +12.32011 Q3 · Prepared remarks: +16.02011 Q4 · Prepared remarks: +20.12012 Q1 · Prepared remarks: +19.92012 Q2 · Prepared remarks: +20.82012 Q3 · Prepared remarks: +14.22012 Q4 · Prepared remarks: +17.32013 Q1 · Prepared remarks: +19.92013 Q2 · Prepared remarks: +12.52013 Q3 · Prepared remarks: +17.52013 Q4 · Prepared remarks: +14.72014 Q1 · Prepared remarks: +23.52014 Q2 · Prepared remarks: +20.62014 Q3 · Prepared remarks: +25.32014 Q4 · Prepared remarks: +23.12015 Q1 · Prepared remarks: +22.82015 Q2 · Prepared remarks: +23.72015 Q3 · Prepared remarks: +15.92015 Q4 · Prepared remarks: +8.32016 Q1 · Prepared remarks: +16.12016 Q2 · Prepared remarks: +17.82016 Q3 · Prepared remarks: +15.22016 Q4 · Prepared remarks: +9.22017 Q1 · Prepared remarks: +10.62017 Q2 · Prepared remarks: +14.72017 Q3 · Prepared remarks: +9.62017 Q4 · Prepared remarks: +15.52018 Q1 · Prepared remarks: +21.82018 Q2 · Prepared remarks: +21.32018 Q3 · Prepared remarks: +11.62018 Q4 · Prepared remarks: +18.12019 Q1 · Prepared remarks: +16.92019 Q2 · Prepared remarks: +9.82019 Q3 · Prepared remarks: +12.62019 Q4 · Prepared remarks: +13.62020 Q1 · Prepared remarks: +16.22020 Q2 · Prepared remarks: +5.22020 Q3 · Prepared remarks: +8.42020 Q4 · Prepared remarks: +11.72021 Q1 · Prepared remarks: +23.62021 Q2 · Prepared remarks: +27.42021 Q3 · Prepared remarks: +5.42021 Q4 · Prepared remarks: +4.22022 Q1 · Prepared remarks: +2.92022 Q2 · Prepared remarks: -0.42022 Q3 · Prepared remarks: +4.82022 Q4 · Prepared remarks: +7.32023 Q1 · Prepared remarks: +2.82023 Q2 · Prepared remarks: +3.32023 Q3 · Prepared remarks: +11.62023 Q4 · Prepared remarks: +9.02024 Q1 · Prepared remarks: +12.12024 Q2 · Prepared remarks: +0.02024 Q3 · Prepared remarks: +14.42024 Q4 · Prepared remarks: +14.82025 Q1 · Prepared remarks: +15.52025 Q2 · Prepared remarks: +20.62010 Q1 · Q&A responses: +7.62011 Q3 · Q&A responses: +7.92011 Q4 · Q&A responses: +4.82012 Q1 · Q&A responses: +7.32012 Q2 · Q&A responses: +8.32012 Q3 · Q&A responses: +4.12012 Q4 · Q&A responses: +6.12013 Q1 · Q&A responses: +3.02013 Q2 · Q&A responses: +6.12013 Q3 · Q&A responses: +3.52013 Q4 · Q&A responses: +9.62014 Q1 · Q&A responses: +8.12014 Q2 · Q&A responses: +13.92014 Q3 · Q&A responses: +10.72014 Q4 · Q&A responses: +6.52015 Q1 · Q&A responses: +6.62015 Q2 · Q&A responses: +7.52015 Q3 · Q&A responses: +7.32015 Q4 · Q&A responses: +16.52016 Q1 · Q&A responses: +1.12016 Q2 · Q&A responses: +2.02016 Q3 · Q&A responses: +7.52016 Q4 · Q&A responses: +9.42017 Q1 · Q&A responses: +13.72017 Q2 · Q&A responses: +8.12017 Q3 · Q&A responses: +7.52017 Q4 · Q&A responses: +9.32018 Q1 · Q&A responses: +5.32018 Q2 · Q&A responses: +3.82018 Q3 · Q&A responses: +4.22018 Q4 · Q&A responses: +3.72019 Q1 · Q&A responses: +9.52019 Q2 · Q&A responses: +3.72019 Q3 · Q&A responses: -0.62019 Q4 · Q&A responses: +6.92020 Q1 · Q&A responses: +6.42020 Q2 · Q&A responses: +3.92020 Q3 · Q&A responses: +12.62020 Q4 · Q&A responses: +1.02021 Q1 · Q&A responses: +5.22021 Q2 · Q&A responses: +4.72021 Q3 · Q&A responses: +4.42021 Q4 · Q&A responses: +7.62022 Q1 · Q&A responses: +1.22022 Q2 · Q&A responses: -0.42022 Q3 · Q&A responses: +1.12022 Q4 · Q&A responses: -1.82023 Q1 · Q&A responses: +6.82023 Q2 · Q&A responses: -5.42023 Q3 · Q&A responses: +7.42023 Q4 · Q&A responses: +8.72024 Q1 · Q&A responses: +10.22024 Q2 · Q&A responses: +2.82024 Q3 · Q&A responses: +4.12024 Q4 · Q&A responses: +17.52025 Q1 · Q&A responses: +15.52025 Q2 · Q&A responses: +9.2
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$4.93$10.10$15.272010 Q12013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22025 Q22014 Q1: $5.642014 Q2: $5.942014 Q3: $6.252014 Q4: $6.592015 Q1: $6.802015 Q2: $7.052015 Q3: $7.332015 Q4: $7.232016 Q1: $7.302016 Q2: $7.682016 Q3: $7.912016 Q4: $8.492017 Q1: $8.762017 Q2: $8.812017 Q3: $8.872017 Q4: $8.842018 Q1: $9.852018 Q2: $10.162018 Q3: $10.432018 Q4: $10.892019 Q1: $10.952019 Q2: $10.822019 Q3: $10.462019 Q4: $10.582020 Q1: $9.842020 Q2: $9.572020 Q3: $9.752020 Q4: $10.412021 Q1: $10.952021 Q2: $11.282021 Q3: $11.782021 Q4: $12.042022 Q1: $11.712022 Q2: $10.862022 Q3: $11.452022 Q4: $11.942023 Q1: $12.372023 Q2: $12.172023 Q3: $12.602023 Q4: $12.782024 Q1: $13.232024 Q2: $13.472024 Q3: $14.132024 Q4: $14.55

Forward P/E

8.3314.6620.992010 Q12013 Q22015 Q22017 Q22019 Q22021 Q22023 Q22025 Q22014 Q1: 20.122014 Q2: 18.942014 Q3: 20.072014 Q4: 19.702015 Q1: 16.802015 Q2: 17.932015 Q3: 16.252015 Q4: 13.902016 Q1: 13.662016 Q2: 15.512016 Q3: 14.912016 Q4: 16.962017 Q1: 16.732017 Q2: 14.732017 Q3: 13.142017 Q4: 14.832018 Q1: 15.022018 Q2: 17.692018 Q3: 18.532018 Q4: 14.892019 Q1: 13.862019 Q2: 13.072019 Q3: 13.272019 Q4: 13.272020 Q1: 9.202020 Q2: 14.642020 Q3: 12.672020 Q4: 16.642021 Q1: 18.402021 Q2: 16.692021 Q3: 17.682021 Q4: 19.592022 Q1: 16.852022 Q2: 14.112022 Q3: 13.402022 Q4: 12.742023 Q1: 11.202023 Q2: 12.302023 Q3: 12.732023 Q4: 13.622024 Q1: 14.642024 Q2: 12.592024 Q3: 15.112024 Q4: 17.32

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.1 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -3.1 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.5 fwd EPS ↑ +0.58 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -3.9 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -2.7 fwd EPS ↑ +0.66 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -4.0 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -7.0 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-04-28+9.9——View →
2025 Q12025-01-28+11.9——View →
2024 Q42024-10-28+13.2$14.5517.3View →
2024 Q32024-07-29+8.4$14.1315.1View →
2024 Q22024-04-29-0.3$13.4712.6View →
2024 Q12024-01-29+6.7$13.2314.6View →
2023 Q42023-10-24+6.1$12.7813.6View →
2023 Q32023-07-24+7.2$12.6012.7View →