On July 28, F5 Inc fell 5.07% in pre-market trading, trading at $395.0/share, with turnover of $879,200. The decline comes despite the company posting Q3 fiscal results that significantly exceeded market expectations, triggering apparent profit-taking after a prolonged rally.
F5 reported adjusted earnings per share of $4.73 on July 27 after market close, beating the consensus estimate of $4.00 by 18.25% and representing a 13.7% year-over-year increase. Revenue came in at $865 million, surpassing the $833 million estimate by approximately 3.9%. However, shares had already surged over 50% from the February low of approximately $275 to around $416 ahead of the report, creating conditions for a classic sell-the-news reaction.
Morgan Stanley raised its price target on F5 to $415 from $380 while maintaining an Equalweight rating. The average analyst consensus target stands at $440.11 with an overweight rating. RBC Capital Markets, which holds an Outperform rating, previously raised its target to $490, citing a multi-quarter hardware refresh plus cycle amplified by AI workloads and hybrid multi-cloud demand drivers.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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