F5 Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
F5, Inc. (NASDAQ:FFIV) is anticipated to report an increase in Q1 earnings with an estimate of $3.04 per share compared to $2.47 per share in the previous year. Revenue is projected at $685.34 million. Despite better-than-expected Q4 results, FFIV shares dropped 0.6% recently. Analysts have revised their ratings and price targets, with Keybanc's Thomas Blakey being the most optimistic, raising the target to $204, while B of A Securities and RBC Capital have downgraded their outlook.
January 29, 2024 | 7:57 am
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F5, Inc. is expected to report higher Q1 earnings at $3.04 per share, with projected revenue of $685.34 million. Analysts have mixed views, with some downgrades and lowered price targets, but Keybanc remains bullish.
The anticipation of higher Q1 earnings and revenue for F5, Inc. is a positive signal for investors, likely leading to a short-term positive impact on the stock price. However, the mixed analyst ratings and recent share price drop indicate some caution in the market. Keybanc's bullish stance and price target increase to $204 could provide a counterbalance to the downgrades from other analysts, suggesting a potential upside if the earnings report meets or exceeds expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100