F5 Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

F5, Inc. FFIV is expected to release earnings results for its first quarter, after the closing bell on Jan. 29, 2024.

Analysts expect the company to report quarterly earnings at $3.04 per share, up from year-ago earnings of $2.47 per share. The company is projected to report revenue of $685.34 million, according to data from Benzinga Pro.

F5, during October, posted better-than-expected results for its fourth quarter.

F5 shares fell 0.6% to close at $183.63 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Thomas Blakey maintained an Overweight rating and increased the price target from $186 to $204 on Jan. 18, 2024. This analyst has an accuracy rate of 68%.
• B of A Securities analyst Tal Liani downgraded the stock from Neutral to Underperform and cut the price target from $165 to $160 on Oct. 26, 2023. This analyst has an accuracy rate of 78%.
• RBC Capital analyst Matthew Hedberg maintained a Sector Perform rating and lowered the price target from $173 to $160 on Oct. 25, 2023. This analyst has an accuracy rate of 78%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $162 to $163 on Oct. 25, 2023. This analyst has an accuracy rate of 72%.
• Needham analyst Alex Henderson maintained a Buy rating and cut the price target from $180 to $175 on Oct. 25, 2023. This analyst has an accuracy rate of 81%.
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