F5 Sees Q1 2024 Revenue $675M-$695M Vs $695.48M Est; Sees Adj. EPS $2.97-$3.09 Vs $3.03 Est
Portfolio Pulse from Benzinga Newsdesk
F5 has projected its Q1 2024 revenue to be between $675M and $695M, which is slightly lower than the estimated $695.48M. The company also anticipates its adjusted EPS to be between $2.97 and $3.09, compared to the estimated $3.03.
October 24, 2023 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
F5's lower than expected Q1 2024 revenue projection may negatively impact its stock price in the short term. However, the EPS projection is within the estimated range, which could mitigate the impact.
F5's projected revenue for Q1 2024 is lower than the market's expectation, which could lead to a negative sentiment among investors and potentially a drop in the stock price. However, the EPS projection is within the estimated range, which could offset some of the negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100