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For 4Q16, $FFIV expects GAAP GM to be about 83% and non-GAAP GM to be about 84.5%. GAAP OpEx is expected to be $276-285MM. Company expects GAAP effective tax rate to be 36% and non-GAAP tax rate to be 34%. $FFIV plans to increase headcount by 75-100 employees in 4Q16. Cash flow from operations is expected to be about $185MM in 4Q16.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?