F5 Networks (FFIV) PT Lowered to $180 at Barclays

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Go back to F5 Networks (FFIV) PT Lowered to $180 at Barclays

F5 (FFIV) Shares Slip 7% on Weak Forecast, Needham Says 'Mix Was Not Good'

October 26, 2022 9:22 AM EDT

F5 Networks (NASDAQ: FFIV) shares are down nearly 7% in pre-market trading despite the company reporting better-than-expected FQ4 results.

FFIVs EPS came in at $2.63 to beat FactSets consensus of $2.52. Revenue came in at $700 million, again higher than the consensus estimate of $692.07 million.

For this quarter, FFIV expects EPS to come at $2.31 (the midpoint), a big miss compared to the... More