BMO, which reiterated an outperform rating on the stock and has a $127 target price, expects the company's performance to meet the consensus view but said the shares may not see a big benefit in the wake of the report. "We expect FFIV results to be in line, similar to recent quarters, but heightened expectations as a result of the recent run up in the shares will likely limit upside and could even provide some risk," the firm said. "While our checks on FFIV were the strongest in the group, we are concerned that the telco vertical (20%-25% of revenue) will offset strength in other verticals." BMO is expecting earnings of 99 cents a share for the quarter on revenue of $310 million. It's anticipating gross margins of 82.6% and operating margins of 38.3%, and is currently forecasting earnings of $1.03 a share on revenue of $325 million for F5's fiscal first quarter ending in December.