Piper Jaffray analyst Troy Jensen says the firm's survey of resellers was "encouraging" for F5 Networks and indicates that the company's Q1 results will "modestly exceed" expectations. Jensen keeps an Overweight rating on the stock.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

F5 announced its partnership with Prompt Security, an AI Security Platform, to deliver a firewall for AI applications on F5 Distributed Cloud Services. This joint solution aims to address the growing need to protect applications powered by Generative AI, as these applications expose organizations to a brand new attack surface. Prompt Security's Firewall for AI, now available on F5's Distributed Cloud Services App Stack, aims to bring value to organizations in four key areas of GenAI Security: addressing GenAI-specific security risks, ensuring data privacy and preventing leaks, moderating content produced by LLMs, and implementing governance and visibility. Prompt Security's Firewall for AI can be instantiated anywhere within F5 Distributed Cloud AppStack.

Evercore ISI analyst Amit Daryanani lowered the firm's price target on F5 Networks to $180 from $200 and keeps an In Line rating on the shares. The firm thinks investors will "struggle with the trajectory" of software segment performance and the implied strong fiscal Q4 guidance given macro challenges and volatility around software performance. However, the company appears on-track to do greater than $12.75 EPS in FY24 and likely close to $13.50-$14 in FY25, the analyst added.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSensata... To see the rest of the story go to thefly.com. See Story Here

Sees Q3 revenue $675M-$695M, consensus $694.8M

Notable companies reporting after the market close, with earnings consensus, include F5 (FFIV), consensus $2.86... Lattice Semiconductor (LSCC), consensus 28c... Paramount (PARA), consensus 36c... Sensata Technologies (ST), consensus 85c.