FFIV - F5 Analysts Boost Their Forecasts After Better-Than-Expected Q1 Results | Benzinga
F5, Inc. (NASDAQ: FFIV) posted better-than-expected results for its first quarter on Monday.
Revenue declined 1% Y/Y to $693 million, beating the consensus of $685.3 million. Adjusted EPS of $3.43, beating the consensus of $3.04, according to data from Benzinga Pro.
For the second quarter, F5 expects revenue of $675 million-$695 million (vs. consensus of $674.54 million), with adjusted EPS of $2.79-$2.91 (vs. $2.95 estimate). The company raised the adjusted EPS growth outlook to 6% to 8% from growth of 5% to 7% for FY24, led by a lower expected tax rate.
"Our team delivered solid first quarter results, including revenue near the high end and earnings per share above the ...