F5, Inc. FFIV reported better-than-expected earnings for the second quarter on Monday.
The company posted quarterly earnings of $3.42 per share which beat the analyst consensus estimate of $3.10 per share. The company reported quarterly sales of $731.12 million which beat the analyst consensus estimate of $718.89 million.
“F5’s continuous innovation, technology leadership, and unique ability to address our customers’ hybrid multicloud challenges were key drivers of our strong Q2 results,” said François Locoh-Donou, F5’s President and CEO. “Our second quarter revenue of $731 million reflects 7% growth year over year fueled by 12% product revenue growth including 27% systems revenue growth.”
F5 raised its FY2025 adjusted earnings guidance from $14.24-$14.51 to $14.44-$14.71 and also raised its FY2025 sales outlook from $2.98 billion-$3.01 billion to $3.00 billion-$3.03 billion.
F5 shares fell 1.8% to close at $265.07 on Monday.
These analysts made changes to their price targets on F5 following earnings announcement.
- Barclays analyst Tim Long maintained F5 with an Equal-Weight rating and lowered the price target from $296 to $274.
- Morgan Stanley analyst Meta Marshall maintained the stock with an Equal-Weight rating and raised the price target from $269 to $280.
- Needham analyst Ryan Koontz, meanwhile, assumed F5 with a Buy rating and announced a price target of $320.
Considering buying FFIV stock? Here’s what analysts think:
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