F5, Inc. (FFIV) is set to announce its first-quarter earnings after the closing bell on January 29, 2024. Analysts are anticipating the company to report quarterly earnings of $3.04 per share, an increase from the previous year’s earnings of $2.47 per share. Revenue is projected to be around $685.34 million, according to data from Benzinga Pro.
In October, F5 posted better-than-expected results for its fourth quarter, which likely contributed to the positive outlook for the upcoming earnings announcement. Despite this, F5 shares experienced a slight decline of 0.6% and closed at $183.63 on Friday.
For investors interested in keeping track of analyst ratings, Benzinga provides access to the latest information on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables, allowing them to make informed investment decisions.
Examining the recent period, let’s take a look at how Benzinga’s most accurate analysts have rated F5. Keybanc analyst Thomas Blakey, with a 68% accuracy rate, maintained an Overweight rating and increased the price target from $186 to $204 on January 18, 2024. On the other hand, B of A Securities analyst Tal Liani downgraded the stock from Neutral to Underperform and reduced the price target from $165 to $160 on October 26, 2023. Liani boasts a respectable accuracy rate of 78%.
RBC Capital analyst Matthew Hedberg, also with a 78% accuracy rate, maintained a Sector Perform rating but lowered the price target from $173 to $160 on October 25, 2023. Likewise, Barclays analyst Tim Long, who has a 72% accuracy rate, maintained an Equal-Weight rating and increased the price target from $162 to $163 on the same day. Needham analyst Alex Henderson, with an impressive accuracy rate of 81%, maintained a Buy rating but reduced the price target from $180 to $175 on October 25, 2023.
Investors interested in F5 should consider these ratings from the most accurate analysts to gain valuable insights into the company’s performance and potential future prospects.
In other news, CNBC’s Jim Cramer recently praised an asset manager’s “amazing quarter” but expressed reservations about owning SolarEdge. To delve deeper into this topic, readers can access the article titled “Cramer Praises Asset Manager’s ‘Amazing Quarter,’ But As For SolarEdge? ‘Too Hard To Own'” on Benzinga’s website.
Overall, F5’s upcoming earnings release is highly anticipated, and investors should closely monitor the results and analyst ratings to make informed investment decisions.
