These Analysts Increase Their Forecasts On F5 After Upbeat Results
Portfolio Pulse from Avi Kapoor
F5, Inc. (NASDAQ:FFIV) reported better-than-expected Q3 financial results and raised its FY24 earnings guidance. The company posted earnings of $3.36 per share, beating the consensus estimate of $2.97, and sales of $695.495 million, surpassing the $686.062 million estimate. F5 now expects FY revenue of approximately $2.8 billion and earnings growth of 12%. Analysts have adjusted their price targets for F5 following the announcement.
July 30, 2024 | 12:59 pm
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F5, Inc. reported strong Q3 results, beating earnings and sales estimates, and raised its FY24 earnings guidance. Analysts have increased their price targets for the stock.
F5's better-than-expected Q3 earnings and raised FY24 guidance indicate strong performance and future growth potential. Analysts' increased price targets reflect positive sentiment, likely leading to a short-term price increase.
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