F5 (FFIV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
F5 stock (NASDAQ: FFIV) currently trades around $200 per share, roughly 20% below its pre-inflation shock highs of around $250 seen in December 2021. F5 has fared slightly better than its peer – VeriSign stock – down nearly 30% over this period.
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F5, Inc. (FFIV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FFIV's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Explore how F5's (FFIV) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Just one analyst rates shares a buy.
F5's (FFIV) third-quarter fiscal 2024 results reflect increased demand, strong bookings, improved software renewals and tax favorability.
F5 surprised investors with positive fiscal Q4 guidance, leading to a share price increase. FFIV's software segment shows strong growth prospects, with expectations of mid-to-high single-digit revenue growth for fiscal 2025. The Company's valuation at 10x forward operating profits is considered cheap, given its debt-free status and anticipated growth.
F5, Inc. (NASDAQ:FFIV ) Q3 2024 Earnings Conference Call July 29, 2024 4:30 PM ET Company Participants Suzanne DuLong - Vice President, Investor Relations Francois Locoh-Donou - President and Chief Executive Officer Frank Pelzer - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Long - Barclays Meta Marshall - Morgan Stanley James Fish - Piper Sandler Michael Ng - Goldman Sachs Alex Henderson - Needham & Company Simon Leopold - Raymond James Sebastien Naji - William Blair Operator Good afternoon and welcome to the F5, Inc. Third Quarter Fiscal 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
It will be a consequential week of trading, just not yet.
F5 Networks (FFIV) came out with quarterly earnings of $3.36 per share, beating the Zacks Consensus Estimate of $2.97 per share. This compares to earnings of $3.21 per share a year ago.
F5, Inc. FFIV will release its third quarter fiscal year 2024 financial results, after the closing bell on Monday, July 29.