Top Wall Street Forecasters Revamp F5 Price Expectations Ahead Of Q3 Earnings

F5, Inc. FFIV will release its third quarter fiscal year 2024 financial results, after the closing bell on Monday, July 29.

Analysts expect the Seattle, Washington-based company to report quarterly earnings at $2.97 per share, down from $3.21 per share in the year-ago period. F5 expects to post revenue of $685.76 million, according to data from Benzinga Pro.

On April 29, the company issued weak earnings forecast for the third quarter.

F5 shares gained 2.1% to close at $177.34 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.

• Needham analyst Alex Henderson reiterated a Buy rating with a price target of $220 on April 30. This analyst has an accuracy rate of 81%.
• RBC Capital analyst Matthew Hedberg maintained a Sector Perform rating and slashed the price target from $204 to $182 on April 30. This analyst has an accuracy rate of 72%.
• Evercore ISI Group analyst Amit Daryanani maintained an In-Line rating and cut the price target from $200 to $180 on April 30. This analyst has an accuracy rate of 77%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and lowered the price target from $206 to $189 on April 30. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Samik Chatterjee maintained a Neutral rating and raised the price target from $197 to $205 on April 11. This analyst has an accuracy rate of 72%.

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