F5

B of A Securities analyst Tal Liani downgrades F5 (NASDAQ:FFIV) from Neutral to Underperform and lowers the price target from $165 to $160.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $125, 10.1x our FY 2024 (Sep.) EPS estimate, a discount to its three-year forward average P/E at 14.8x, reflecting our concerns of softness from service provider customers. We cut our FY 2024 EPS estimate by $0.20 to $12.40 and set FY 2025’s at $13.76. FFIV reported Sep-Q operating EPS of $3.50 vs $2.62, $0.29 above the consensus. Sep-Q revenue increased 1% with 11% growth in software revenues and a 27% increase in subscription-based revenue, offset by a 25% decline in systems, reflecting a lower level of backlog-related shipments. We remain negative on FFIV given revenue guidance for FY 2024 of flat to down mid-single digits as customers remain cautious with spending levels for the foreseeable future and the company undergoes

F5 (NASDAQ:FFIV) reported quarterly earnings of $3.50 per share which beat the analyst consensus estimate of $3.21 by 9.03 percent. This is a 33.59 percent increase over earnings of $2.62 per share from the same period last year. The company reported quarterly sales of $706.97 million which beat the analyst consensus estimate of $700.88 million by 0.87 percent. This is a 0.99 percent increase over sales of $700.03 million the same period last year.

F5 Sees Q1 2024 Revenue $675M-$695M Vs $695.48M Est; Sees Adj. EPS $2.97-$3.09 Vs $3.03 Est。

F5 Expects FY24 Rev Flat to Low-Single-Digit Percentage Decline From FY23

F5 (FFIV) reported fiscal Q4 non-GAAP earnings late Tuesday of $3.50 per diluted share, up from $2.62 a year earlier. Analysts polled by Capital IQ expected $3.21. Revenue for the quarter ended Sept. 30 was $707 million, up from $700 million a year earlier. Analysts surveyed by Capital IQ expected $702.3 million. The company expects fiscal Q1 non-GAAP EPS between $2.97 and $3.09 and revenue between $675 million and $695 million. Analysts polled by Capital IQ expect $3.04 and $696.8 million.