F5 Networks Aktie News

HERNDON, Va. , March 5, 2024 /PRNewswire/ -- ePlus inc.

SEATTLE--(BUSINESS WIRE)--F5, Inc. (NASDAQ: FFIV) today announced that it will participate in the Morgan Stanley Technology, Media & Telecom Conference. F5's fireside chat presentation will be webcast live beginning at 12:30 p.m. ET on Wednesday, March 6, 2024. Interested attendees can access the live webcast via the Investor Relations section of f5.com or via this link. An archived version of ...

F5 Inc. stock (NASDAQ NDAQ : FFIV), a network hardware, software, and services provider, recently reported its Q1 fiscal 2024 results (fiscal ends in September), with top and bottom beating the street estimates. The company reported revenue of $693 million and an adjusted profit of $3.43 per share, compared to the consensus estimates of $687 million in sales and earnings per share of $3.04.

Cybersecurity has become a paramount concern for businesses and governments alike. According to Check Point research, 2023 was the year of mega ransomware, with 1 in 10 organizations worldwide hit by an attempted attack.

SAN JOSE, Calif.--(BUSINESS WIRE)--Today at AppWorld, the premier application security and delivery conference, F5 (NASDAQ: FFIV) announced new capabilities that reduce the complexity of protecting and powering the exploding number of applications and APIs at the heart of modern digital experiences. As AI accelerates the growth of applications and the APIs that connect them, F5 is bringing API ...

I upgraded to buy due to positive signs of enterprise spending normalization and potential for beating guidance. The strong 1Q24 performance and enterprise demand trend indicate potential growth and beating of FY24 guidance. FFIV is well-positioned to capitalize on the AI trend and provide distributed cloud services, contributing to a bullish outlook in the medium term.

F5 expects second-quarter revenue of $675 million to $695 million, down from $703 million in the same period last year but above Wall Street estimates of $673.2 million.

F5, Inc. (FFIV) shares were sharply higher ahead of Tuesday's opening bell after the cloud management and application security company delivered a better-than-expected quarterly earnings report and provided current-quarter sales guidance that came in ahead of the Street forecast.