These Analysts Cut Their Forecasts On F5 After Q2 Results
Portfolio Pulse from Avi Kapoor
F5, Inc. (NASDAQ:FFIV) reported Q2 earnings above market estimates but provided a weaker than expected forecast for Q3, leading to price target cuts by Piper Sandler and Barclays. Despite the cautious outlook, F5's shares slightly rose by 0.1%.
April 30, 2024 | 1:17 pm
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F5, Inc. reported higher than expected Q2 earnings but forecasted weaker Q3 results, leading to a reduction in price targets by analysts.
Despite beating Q2 earnings estimates, F5's weaker Q3 forecast could temper investor enthusiasm, potentially limiting stock price gains. Analysts' price target cuts reflect concerns over future performance, but the slight stock price increase post-announcement indicates mixed investor reactions.
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