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F5 (FFIV)

Market Price (5/2/2026): $323.16 | Market Cap: $18.6 Bil
Sector: Information Technology | Industry: Communications Equipment

F5 (FFIV)

Market Price (5/2/2026): $323.16
Market Cap: $18.6 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%

Stock buyback support
Stock Buyback 3Y Total is 1.6 Bil

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.

Key risks
FFIV key risks include [1] damaged customer confidence following a major security breach that potentially exposed core source code, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
1 Stock buyback support
Stock Buyback 3Y Total is 1.6 Bil
2 Low stock price volatility
Vol 12M is 32%
3 Megatrend and thematic drivers
Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.
4 Key risks
FFIV key risks include [1] damaged customer confidence following a major security breach that potentially exposed core source code, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Holding a concentrated position? Know your true downside before the momentum shifts.
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Stock Movement Drivers

Fundamental Drivers

The 17.3% change in FFIV stock from 1/31/2026 to 5/1/2026 was primarily driven by a 15.0% change in the company's P/E Multiple.
(LTM values as of)13120265012026Change
Stock Price ($)275.61323.2017.3%
Change Contribution By: 
Total Revenues ($ Mil)3,0883,1441.8%
Net Income Margin (%)22.4%22.5%0.2%
P/E Multiple22.926.415.0%
Shares Outstanding (Mil)58580.0%
Cumulative Contribution17.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/1/2026
ReturnCorrelation
FFIV17.3% 
Market (SPY)3.6%45.2%
Sector (XLK)12.6%46.0%

Fundamental Drivers

The 27.7% change in FFIV stock from 10/31/2025 to 5/1/2026 was primarily driven by a 20.4% change in the company's P/E Multiple.
(LTM values as of)103120255012026Change
Stock Price ($)253.05323.2027.7%
Change Contribution By: 
Total Revenues ($ Mil)3,0253,1443.9%
Net Income Margin (%)22.1%22.5%1.8%
P/E Multiple21.926.420.4%
Shares Outstanding (Mil)58580.2%
Cumulative Contribution27.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/1/2026
ReturnCorrelation
FFIV27.7% 
Market (SPY)5.5%40.5%
Sector (XLK)8.0%40.0%

Fundamental Drivers

The 22.1% change in FFIV stock from 4/30/2025 to 5/1/2026 was primarily driven by a 9.1% change in the company's Net Income Margin (%).
(LTM values as of)43020255012026Change
Stock Price ($)264.74323.2022.1%
Change Contribution By: 
Total Revenues ($ Mil)2,8903,1448.8%
Net Income Margin (%)20.6%22.5%9.1%
P/E Multiple25.926.41.7%
Shares Outstanding (Mil)58581.1%
Cumulative Contribution22.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/1/2026
ReturnCorrelation
FFIV22.1% 
Market (SPY)30.4%41.1%
Sector (XLK)55.1%37.0%

Fundamental Drivers

The 140.5% change in FFIV stock from 4/30/2023 to 5/1/2026 was primarily driven by a 102.1% change in the company's Net Income Margin (%).
(LTM values as of)43020235012026Change
Stock Price ($)134.36323.20140.5%
Change Contribution By: 
Total Revenues ($ Mil)2,7093,14416.1%
Net Income Margin (%)11.1%22.5%102.1%
P/E Multiple26.826.4-1.6%
Shares Outstanding (Mil)60584.2%
Cumulative Contribution140.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/1/2026
ReturnCorrelation
FFIV140.5% 
Market (SPY)78.7%53.4%
Sector (XLK)119.1%50.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FFIV Return39%-41%25%41%2%27%84%
Peers Return66%-35%53%23%19%9%165%
S&P 500 Return27%-19%24%23%16%5%92%

Monthly Win Rates [3]
FFIV Win Rate58%25%58%83%50%75% 
Peers Win Rate72%38%62%55%60%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
FFIV Max Drawdown-1%-45%-9%-8%-11%0% 
Peers Max Drawdown-10%-41%-8%-14%-17%-11% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NET, AKAM, FTNT, PANW, CSCO. See FFIV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)

How Low Can It Go

EventFFIVS&P 500
2025 US Tariff Shock
  % Loss-22.8%-18.8%
  % Gain to Breakeven29.6%23.1%
  Time to Breakeven118 days79 days
2023 SVB Regional Banking Crisis
  % Loss-11.3%-6.7%
  % Gain to Breakeven12.8%7.1%
  Time to Breakeven31 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.7%-24.5%
  % Gain to Breakeven74.6%32.4%
  Time to Breakeven763 days427 days
2020 COVID-19 Crash
  % Loss-30.2%-33.7%
  % Gain to Breakeven43.3%50.9%
  Time to Breakeven40 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.5%-19.2%
  % Gain to Breakeven24.2%23.7%
  Time to Breakeven746 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.0%-12.2%
  % Gain to Breakeven53.9%13.9%
  Time to Breakeven260 days62 days

Compare to NET, AKAM, FTNT, PANW, CSCO

In The Past

F5's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFFIVS&P 500
2025 US Tariff Shock
  % Loss-22.8%-18.8%
  % Gain to Breakeven29.6%23.1%
  Time to Breakeven118 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.7%-24.5%
  % Gain to Breakeven74.6%32.4%
  Time to Breakeven763 days427 days
2020 COVID-19 Crash
  % Loss-30.2%-33.7%
  % Gain to Breakeven43.3%50.9%
  Time to Breakeven40 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.0%-12.2%
  % Gain to Breakeven53.9%13.9%
  Time to Breakeven260 days62 days
2014-2016 Oil Price Collapse
  % Loss-30.0%-6.8%
  % Gain to Breakeven42.8%7.3%
  Time to Breakeven176 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-31.6%-17.9%
  % Gain to Breakeven46.1%21.8%
  Time to Breakeven65 days123 days
2008-2009 Global Financial Crisis
  % Loss-39.9%-53.4%
  % Gain to Breakeven66.3%114.4%
  Time to Breakeven53 days1085 days
Summer 2007 Credit Crunch
  % Loss-27.0%-8.6%
  % Gain to Breakeven36.9%9.5%
  Time to Breakeven77 days47 days

Compare to NET, AKAM, FTNT, PANW, CSCO

In The Past

F5's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About F5 (FFIV)

F5, Inc. provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud. It offers application security and delivery products, including BIG-IP appliances and VIPRION chassis and related software modules and software-only Virtual Editions; Local Traffic Manager and DNS Services; Advanced Firewall Manager and Policy Enforcement Manager that leverage the unique performance characteristics of its hardware and software architecture; Application Security Manager and Access Policy Manager; NGINX Plus and NGINX Controller; Shape Defense and Enterprise Defense; Secure Web Gateway, and Silverline DDoS and Application security offerings; and online fraud and abuse prevention solutions. The company also provides a range of professional services, including consulting, training, installation, maintenance, and other technical support services. F5, Inc. sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, and systems integrators in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe F5 (FFIV):

  • F5 is like the Cisco for application security and delivery.
  • F5 is a more enterprise-focused Cloudflare for application security and delivery.

AI Analysis | Feedback

  • BIG-IP appliances and VIPRION chassis: Hardware platforms for application security and delivery solutions.
  • Software Modules (e.g., Local Traffic Manager, DNS Services, Advanced Firewall Manager, Application Security Manager, Access Policy Manager): Software components that run on BIG-IP platforms or as Virtual Editions to manage traffic, secure applications, and enforce policies.
  • NGINX Plus: A high-performance web server, reverse proxy, and load balancer for modern applications.
  • NGINX Controller: A management plane for deploying, monitoring, and managing NGINX instances across various environments.
  • Shape Defense and Enterprise Defense: Solutions dedicated to preventing online fraud and abuse.
  • Secure Web Gateway: Protects users from web-based threats and ensures compliance.
  • Silverline DDoS: A cloud-based service providing protection against distributed denial-of-service attacks.
  • Silverline Application Security: Cloud-based offerings for securing web applications.
  • Professional Services: Consulting, training, installation, maintenance, and technical support services to assist customers with their F5 solutions.

AI Analysis | Feedback

F5 (FFIV) sells its products primarily to other companies and organizations. Based on the provided description, F5 has partnerships with the following major public cloud providers, which are key entities in its multi-cloud strategy and leverage its solutions: F5 also sells its products to large enterprise businesses, public sector institutions, governments, and service providers, though specific company names within these categories are not provided in the description.

AI Analysis | Feedback

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AI Analysis | Feedback

François Locoh-Donou, Chairperson, President & Chief Executive Officer
François Locoh-Donou joined F5 in April 2017 as President, CEO, and director, and was appointed Chairperson of the Board in March 2026. He has been instrumental in transforming F5 from a networking hardware maker into a software- and SaaS-first leader in multi-cloud application security and delivery. Before joining F5, he served as Chief Operating Officer at Ciena Corporation from 2002 to March 2017, where he also held executive roles in Product, Sales, and Marketing. He also held research and development roles at Photonetics, a French opto-electronics company. Locoh-Donou co-founded and chairs Cajou Espoir, a cashew-processing facility in Togo that employs several hundred, primarily women. He also serves on the Board of Directors of Capital One Financial Corp.

Edward Cooper Werner, Executive Vice President, Principal Accounting Officer and Chief Financial Officer
Edward Cooper Werner was appointed Chief Financial Officer of F5 on October 25, 2024, with his role becoming effective after the filing of F5's FY2024 Form 10-K. He initially joined F5 in 2001 and has held various finance leadership positions, including Senior Vice President, Finance since 2012, and Vice President, Finance starting in 2008. He earned a B.A. in Business Administration with an Accounting Concentration from the Foster School of Business at the University of Washington.

Tom Fountain, Chief Operating Officer
Tom Fountain was appointed Chief Operating Officer of F5 in September 2024, where he is responsible for overseeing Global Services and leading the company's digital transformation to accelerate solution delivery and drive operational efficiency. He joined F5 in 2018 from McAfee, where he held the position of Senior Vice President of Strategy and Corporate Development. Prior to McAfee, Fountain held multiple leadership roles at Juniper Networks, including General Manager of the Content & Media Business Unit and Vice President of Corporate Strategy. Earlier in his career, he was a principal at the venture capital firm Mayfield Fund and co-founded Ingrian Networks, a network security firm that was acquired by SafeNet. He also founded and served as CEO of an outsource software development firm and was a faculty member at Stanford University.

Kunal Anand, Chief Product Officer
Kunal Anand leads F5's product organization, overseeing product vision, strategy, and execution to develop solutions for customer challenges. In his previous role at F5, he served as Chief Technology and AI Officer. Before joining F5, Anand held the dual roles of Chief Technology Officer and Chief Information Security Officer at Imperva. His path to Imperva began in 2018 with the acquisition of Prevoty, an application security startup he co-founded in 2013. His experience also includes leadership roles in security, data, technology, and engineering teams at Gravity, MySpace, and the NASA Jet Propulsion Lab.

Chad Whalen, Chief Revenue Officer
Chad Whalen is F5's Chief Revenue Officer, responsible for the company's global sales go-to-market strategy. He joined F5 in 2017 to lead the Cloud Sales team. With over 20 years of experience, Whalen has led global teams across various regions in network infrastructure, security, and Software as a Service. Prior to F5, his roles included running strategic alliances at Fortinet, leading worldwide sales & services at Jasper, overseeing Americas sales and field operations at Ciena, and managing global sales & marketing at World Wide Packets.

AI Analysis | Feedback

The key risks to F5's business are:

1. Cybersecurity Incident and Reputational Damage

F5, a company specializing in application security, recently experienced a significant security breach where sophisticated hackers gained and maintained access to its systems for at least 12 months, specifically targeting the BIG-IP product development environment and accessing source code. This incident is considered a major operational and reputational risk, directly impacting customer trust and leading to a cautious near-term outlook and a steep deceleration in the company's fiscal year 2026 revenue guidance. For a cybersecurity firm, a breach of this nature fundamentally undermines the trust customers place in its ability to secure their infrastructure.

2. Intense Competition and Evolving Market Landscape

F5 operates in a highly competitive and dynamic market for multi-cloud application security and delivery solutions. The company faces significant competition from a diverse set of players, including traditional application delivery competitors like Citrix and Broadcom, major cloud providers such as Amazon Web Services and Google Cloud in cloud-native traffic management, and specialized security vendors like Akamai, Cloudflare, Fortinet, and Palo Alto Networks in application security and DDoS protection. This fierce competition contributes to sluggish sales growth and ongoing challenges in acquiring and retaining customers. F5 must continuously innovate to maintain its competitive edge and effectively navigate complex software renewal cycles against rivals who are constantly developing new solutions. The rapid development and adoption of AI technologies also present both opportunities and risks, requiring F5 to adapt and integrate new technologies effectively while addressing potential market disruptions.

3. Reliance on Hardware Sales Amidst Stagnant Software Growth

While F5 demonstrated strong overall revenue growth in fiscal year 2025, a significant portion of this growth was driven by a substantial 42% year-over-year increase in systems revenue (hardware). This surge was primarily fueled by datacenter refresh cycles and investments in enterprise AI infrastructure. In contrast, the company's software segment, which is often considered a key long-term growth driver for technology companies, saw effectively flat growth at only 0.3%. This disparity indicates a potential over-reliance on more cyclical hardware sales, which can be less predictable, while the critical software business, intended for long-term expansion, shows minimal progress. This imbalance poses a risk if hardware refresh cycles slow down or if the software segment fails to accelerate its growth significantly.

AI Analysis | Feedback

The increasing sophistication and native offerings of public cloud providers (Amazon Web Services, Microsoft Azure, and Google Cloud Platform) in application security and delivery. While F5 partners with these providers and offers solutions for the public cloud, these very partners are simultaneously developing and enhancing their own integrated security, load balancing, and application delivery services directly within their cloud platforms. As enterprises adopt more cloud-native architectures, they may increasingly prefer to leverage these deeply integrated, platform-native services for simplicity, cost-efficiency, and seamless operation, potentially reducing the need for F5's specialized third-party solutions, particularly traditional hardware or virtual appliance-based offerings.

AI Analysis | Feedback

F5, Inc. operates in several significant addressable markets for its multi-cloud application security and delivery solutions. The company itself estimated its total addressable market (TAM) to be over $28 billion in 2023, with projections to approach $34 billion by 2028.

  • Multi-Cloud Security: The global multi-cloud security market size was valued at approximately USD 9.85 billion in 2024 and is projected to reach USD 54.87 billion by 2032, growing at a compound annual growth rate (CAGR) of 23.9% from 2025 to 2032. North America held a 37.63% market share in 2024. Other estimates for regional distribution in January 2026 indicate North America with 49%, Asia Pacific with 26%, and Europe with 16% of the global market share.
  • Application Delivery Controllers (ADC): The global application delivery controller market size was valued at USD 4.35 billion in 2024 and is projected to reach USD 8.46 billion by 2030, with a CAGR of 12.9% from 2025 to 2030. North America held the largest share, accounting for over 34% of this market in 2024.
  • Application Security: The global application security market size was valued at USD 10.4 billion in 2024 and is estimated to reach USD 34.8 billion by 2033, exhibiting a CAGR of 14.33% from 2025 to 2033. North America dominated this market, holding a significant 40.5% share in 2024.
  • Web Application Firewall (WAF): The global web application firewall market size was valued at USD 7.1 billion in 2025 and is projected to reach USD 20.6 billion by 2034, with a CAGR of 12.28% from 2026 to 2034. North America dominated the market in 2025.
  • DDoS Protection and Mitigation: The global DDoS protection and mitigation security market size was valued at USD 4.99 billion in 2024 and is projected to reach USD 13.45 billion by 2032, with a CAGR of 13.20% during the forecast period of 2025 to 2032. North America dominated this market with a 39.6% revenue share in 2024.
  • Bot Management: The global bot management solution market was valued at USD 1.08 billion in 2024 and is projected to reach USD 4.87 billion by the end of 2030, growing at a CAGR of 24% from 2024 to 2030.
  • API Security: The global API security market size was valued at over USD 10.8 billion in 2025 and is estimated to reach USD 46.1 billion by the end of 2035, expanding at a CAGR of 17.5% from 2026 to 2035. North America is the largest market for API security, holding approximately 45% of the global share.

AI Analysis | Feedback

F5 (FFIV) anticipates several key drivers for future revenue growth over the next 2-3 years, based on recent company guidance and analyst observations:

  1. Hybrid Multi-Cloud Adoption: F5's multi-cloud application security and delivery solutions are well-positioned to benefit from the ongoing trend of enterprises adopting hybrid multi-cloud environments. This strategy helps customers manage and secure applications across various on-premises and public cloud architectures.
  2. Scaling AI Investment and AI-related Demand: The company is experiencing growing demand related to artificial intelligence (AI), including securing AI workloads and infrastructure. F5 has enhanced its AI runtime security offerings through acquisitions and product developments, such as launching BIG-IP Version 21.0 with native support for demanding AI workloads.
  3. Growth in Systems Revenue: F5 expects continued strong performance in its systems revenue, driven by technology refresh cycles and data center modernization initiatives among its customers. This segment has shown robust growth recently.
  4. Demand for Converged Platforms: A strategic focus for F5 is to offer converged networking and security platforms. This approach aims to replace fragmented point products, simplifying customers' IT infrastructure and driving the adoption of F5's integrated solutions.

AI Analysis | Feedback

Share Repurchases

  • F5 announced a $1 billion share buyback plan in November 2020, which included an accelerated repurchase of $500 million in fiscal year 2021 and another $500 million in fiscal year 2022.
  • In fiscal year 2025, F5 repurchased shares totaling $502.085 million.
  • The Board of Directors authorized an additional $1 billion for its common stock repurchase program in October 2024, supplementing the $422 million remaining in the existing program at that time.

Share Issuance

  • F5's shares outstanding have shown a general decline over the past few years, with 57.65 million shares outstanding in 2025, representing a 1.12% decrease from 2024.
  • In March 2026, shareholders approved the 2026 Incentive Award Plan, which includes 3,500,000 new shares of common stock available for issuance.

Outbound Investments

  • F5 acquired CalypsoAI for $180 million in cash in late 2025. This acquisition aims to enhance real-time threat defense capabilities for organizations utilizing generative and agentic AI.

Capital Expenditures

  • F5's capital expenditures were $30.65 million in fiscal year 2021, $33.62 million in fiscal year 2022, and $54.18 million in fiscal year 2023.
  • Capital expenditures for fiscal year 2024 were $30.41 million.
  • In fiscal year 2025, capital expenditures amounted to $43.26 million.

Interactive Breakdown

F5 Interactive Breakdown Analysis

Better Bets vs. F5 (FFIV)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1F5 Stock Pre-Market (+10%) : Strong Q1 Earnings Beat & Raised FY26 Guidance01/28/2026
2F5 Earnings Notes12/27/2025
3Can F5 Stock Hold Up When Markets Turn?11/11/2025
4Day 8 of Loss Streak for F5 Stock with -19% Return (vs. -4% YTD) [11/4/2025]11/05/2025
5Day 8 of Loss Streak for F5 Stock with -20% Return (vs. -4% YTD) [11/4/2025]11/05/2025
6Day 7 of Loss Streak for F5 Stock with -17% Return (vs. -1% YTD) [11/3/2025]11/04/2025
7Day 6 of Loss Streak for F5 Stock with -16% Return (vs. 0.6% YTD) [10/31/2025]11/01/2025
8Day 5 of Loss Streak for F5 Stock with -15% Return (vs. 2.1% YTD) [10/30/2025]10/31/2025
9ARTICLES 
10F5 Stock Pre-Market (+10%) : Strong Q1 Earnings Beat & Raised FY26 Guidance01/28/2026
11Why FFIV Could Outperform Cisco Systems Stock01/27/2026
12Better Value & Growth: FFIV Leads Cisco Systems Stock12/13/2025
13Pay Less, Gain More: MSI, FFIV Top Cisco Systems Stock12/02/2025
14F5 or Motorola Solutions: Which Stock Has More Upside?11/18/2025
Title
0DASHBOARDS
1F5 Stock Pre-Market (+10%) : Strong Q1 Earnings Beat & Raised FY26 Guidance
2F5 Earnings Notes
3Can F5 Stock Hold Up When Markets Turn?
4Day 8 of Loss Streak for F5 Stock with -19% Return (vs. -4% YTD) [11/4/2025]
5Day 8 of Loss Streak for F5 Stock with -20% Return (vs. -4% YTD) [11/4/2025]
6Day 7 of Loss Streak for F5 Stock with -17% Return (vs. -1% YTD) [11/3/2025]
7Day 6 of Loss Streak for F5 Stock with -16% Return (vs. 0.6% YTD) [10/31/2025]
8Day 5 of Loss Streak for F5 Stock with -15% Return (vs. 2.1% YTD) [10/30/2025]
9ARTICLES
10F5 Stock Pre-Market (+10%) : Strong Q1 Earnings Beat & Raised FY26 Guidance
11Why FFIV Could Outperform Cisco Systems Stock
12Better Value & Growth: FFIV Leads Cisco Systems Stock
13Pay Less, Gain More: MSI, FFIV Top Cisco Systems Stock
14F5 or Motorola Solutions: Which Stock Has More Upside?

Trade Ideas

Select ideas related to FFIV.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PLTR_4302026_Monopoly_xInd_xCD_Getting_Cheaper04302026PLTRPalantir TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.0%0.0%0.0%
ADSK_4102026_Dip_Buyer_FCFYield04102026ADSKAutodeskDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.5%8.5%0.0%
BSY_4102026_Dip_Buyer_FCFYield04102026BSYBentley SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.2%4.2%0.0%
ENPH_4102026_Dip_Buyer_ValueBuy04102026ENPHEnphase EnergyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.7%5.7%0.0%
BL_4102026_Dip_Buyer_High_CFO_Margins_ExInd_DE04102026BLBlackLineDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.2%3.2%-3.0%
FFIV_1232026_Monopoly_xInd_xCD_Getting_Cheaper01232026FFIVF5MonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		24.9%24.9%0.0%
FFIV_9302022_Dip_Buyer_FCFYield09302022FFIVF5Dip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		0.7%11.3%-10.0%
FFIV_5312019_Dip_Buyer_FCFYield05312019FFIVF5Dip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		10.3%9.7%-31.4%

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Peer Comparisons

Peers to compare with:

Financials

FFIVNETAKAMFTNTPANWCSCOMedian
NameF5 Cloudfla.Akamai T.Fortinet Palo Alt.Cisco Sy. 
Mkt Price323.20217.50103.8786.29181.0891.85142.48
Mkt Cap18.676.415.064.1127.5363.370.2
Rev LTM3,1442,1684,2086,8009,89359,0545,504
Op Inc LTM789-2076282,0851,42213,6851,106
FCF LTM8612616992,2263,56612,2411,543
FCF 3Y Avg7581827171,9453,14012,8691,352
CFO LTM9066031,5192,5913,97413,3252,055
CFO 3Y Avg7994131,4622,2613,38213,7641,862

Growth & Margins

FFIVNETAKAMFTNTPANWCSCOMedian
NameF5 Cloudfla.Akamai T.Fortinet Palo Alt.Cisco Sy. 
Rev Chg LTM8.8%29.8%5.4%14.2%15.4%9.0%11.6%
Rev Chg 3Y Avg5.1%30.5%5.2%15.5%17.2%3.8%10.3%
Rev Chg Q7.3%33.6%7.4%14.8%14.9%9.7%12.2%
QoQ Delta Rev Chg LTM1.8%7.7%1.8%3.7%3.5%2.4%2.9%
Op Inc Chg LTM11.0%-33.9%-1.3%15.6%50.9%17.9%13.3%
Op Inc Chg 3Y Avg28.1%-3.2%-4.0%29.6%877.4%1.3%14.7%
Op Mgn LTM25.1%-9.6%14.9%30.7%14.4%23.2%19.1%
Op Mgn 3Y Avg23.8%-11.0%16.4%28.1%11.1%24.2%20.1%
QoQ Delta Op Mgn LTM-0.5%0.0%-0.5%-0.4%1.1%0.7%-0.2%
CFO/Rev LTM28.8%27.8%36.1%38.1%40.2%22.6%32.5%
CFO/Rev 3Y Avg27.0%23.4%36.5%37.5%39.0%24.3%31.8%
FCF/Rev LTM27.4%12.0%16.6%32.7%36.0%20.7%24.1%
FCF/Rev 3Y Avg25.6%10.4%17.9%32.3%36.4%22.7%24.2%

Valuation

FFIVNETAKAMFTNTPANWCSCOMedian
NameF5 Cloudfla.Akamai T.Fortinet Palo Alt.Cisco Sy. 
Mkt Cap18.676.415.064.1127.5363.370.2
P/S5.935.23.69.412.96.27.8
P/Op Inc23.6-368.623.830.789.626.525.2
P/EBIT23.6-909.823.627.868.425.124.4
P/E26.4-746.833.134.699.432.833.0
P/CFO20.6126.69.924.732.127.326.0
Total Yield3.8%-0.1%3.0%2.9%1.0%4.8%3.0%
Dividend Yield0.0%0.0%0.0%0.0%0.0%1.8%0.0%
FCF Yield 3Y Avg5.7%0.4%4.9%3.4%2.8%5.4%4.2%
D/E0.00.00.40.00.00.10.0
Net D/E-0.1-0.00.3-0.0-0.00.0-0.0

Returns

FFIVNETAKAMFTNTPANWCSCOMedian
NameF5 Cloudfla.Akamai T.Fortinet Palo Alt.Cisco Sy. 
1M Rtn9.3%5.9%-10.3%6.3%12.7%17.9%7.8%
3M Rtn17.3%22.6%6.9%6.2%2.3%17.9%12.1%
6M Rtn27.7%-14.1%38.3%-0.2%-17.8%27.0%13.4%
12M Rtn21.6%77.4%28.1%-17.2%-2.8%61.7%24.8%
3Y Rtn145.2%407.2%31.5%40.4%104.7%115.3%110.0%
1M Excs Rtn-0.6%-4.1%-20.2%-3.6%2.7%7.9%-2.1%
3M Excs Rtn13.1%18.4%2.7%2.0%-1.9%13.7%7.9%
6M Excs Rtn20.0%-9.3%37.3%-2.5%-21.5%25.2%8.8%
12M Excs Rtn-7.7%50.3%-0.9%-46.7%-33.0%32.9%-4.3%
3Y Excs Rtn69.1%187.2%-46.3%-42.2%18.8%36.2%27.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Services1,5431,4791,3791,3561,325
Software revenue735664665  
Systems revenue537671652  
Products   1,2471,026
Total2,8162,8132,6962,6032,351


Price Behavior

Price Behavior
Market Price$323.20 
Market Cap ($ Bil)18.6 
First Trading Date06/04/1999 
Distance from 52W High-5.8% 
   50 Days200 Days
DMA Price$293.60$288.20
DMA Trendindeterminateup
Distance from DMA10.1%12.1%
 3M1YR
Volatility37.4%32.6%
Downside Capture0.470.55
Upside Capture128.6695.46
Correlation (SPY)40.8%39.5%
FFIV Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.180.631.040.991.031.00
Up Beta0.12-0.12-0.150.030.740.79
Down Beta-1.221.471.841.641.431.24
Up Capture72%96%133%134%91%119%
Bmk +ve Days15223166141428
Stock +ve Days14253667133412
Down Capture289%62%133%103%110%99%
Bmk -ve Days4183056108321
Stock -ve Days8182858118339

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FFIV
FFIV20.9%32.6%0.62-
Sector ETF (XLK)55.3%20.5%2.0437.2%
Equity (SPY)30.6%12.5%1.8841.4%
Gold (GLD)39.5%27.2%1.204.1%
Commodities (DBC)51.5%17.9%2.201.6%
Real Estate (VNQ)13.1%13.5%0.6715.1%
Bitcoin (BTCUSD)-18.2%42.1%-0.3625.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FFIV
FFIV8.7%30.2%0.31-
Sector ETF (XLK)18.6%24.8%0.6759.0%
Equity (SPY)12.8%17.1%0.5961.5%
Gold (GLD)20.5%17.9%0.949.7%
Commodities (DBC)14.3%19.1%0.6113.4%
Real Estate (VNQ)3.5%18.8%0.0942.1%
Bitcoin (BTCUSD)7.4%56.1%0.3524.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FFIV
FFIV11.8%29.7%0.43-
Sector ETF (XLK)23.6%24.4%0.8857.2%
Equity (SPY)14.9%17.9%0.7159.4%
Gold (GLD)13.6%15.9%0.713.5%
Commodities (DBC)9.7%17.7%0.4618.6%
Real Estate (VNQ)5.7%20.7%0.2440.3%
Bitcoin (BTCUSD)67.4%66.9%1.0716.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity1.7 Mil
Short Interest: % Change Since 3312026-10.2%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest2.8 days
Basic Shares Quantity57.6 Mil
Short % of Basic Shares3.0%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/20268.0%  
1/27/20268.1%1.6%2.6%
10/27/2025-7.9%-14.2%-17.4%
7/30/20254.8%7.4%6.5%
4/28/2025-0.9%0.8%6.9%
1/28/202511.4%11.1%7.9%
10/28/202410.1%5.9%15.4%
7/29/202413.0%5.4%12.5%
...
SUMMARY STATS   
# Positive141416
# Negative1097
Median Positive6.2%5.6%7.1%
Median Negative-8.1%-7.4%-10.3%
Max Positive13.0%11.1%31.3%
Max Negative-12.8%-14.2%-18.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/05/202610-Q
09/30/202511/25/202510-K
06/30/202508/06/202510-Q
03/31/202505/06/202510-Q
12/31/202402/07/202510-Q
09/30/202411/18/202410-K
06/30/202408/06/202410-Q
03/31/202405/06/202410-Q
12/31/202302/05/202410-Q
09/30/202311/14/202310-K
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202202/03/202310-Q
09/30/202211/15/202210-K
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q

Recent Forward Guidance [BETA]

Latest: Q2 2026 Earnings Reported 4/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue820.00 Mil830.00 Mil840.00 Mil6.4% RaisedGuidance: 780.00 Mil for Q2 2026
Q3 2026 EPS3.913.974.0316.8% RaisedGuidance: 3.4 for Q2 2026
2026 Revenue Growth7.0%7.5%8.0%36.4%2.0%RaisedGuidance: 5.5% for 2026
2026 EPS16.216.416.63.5% RaisedGuidance: 15.8 for 2026

Prior: Q1 2026 Earnings Reported 1/27/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue770.00 Mil780.00 Mil790.00 Mil   
Q2 2026 EPS3.343.43.46   
2026 Revenue Growth5.0%5.5%6.0%175.0%3.5%RaisedGuidance: 2.0% for 2026
2026 Operating Margin34.0%34.5%35.0%1.5%0.5%RaisedGuidance: 34.0% for 2026
2026 EPS15.715.816.15.7% RaisedGuidance: 15 for 2026

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Werner, Edward CooperChief Financial OfficerDirectSell3262026300.001,000300,0001,291,500Form
2Locoh-Donou, FrancoisPresident, CEO & DirectorDirectSell3262026300.003,3341,000,20044,096,700Form
3Whalen, Chad MichaelEVP, Worldwide SalesDirectSell3092026277.05688190,6107,294,449Form
4Werner, Edward CooperChief Financial OfficerDirectSell3052026282.20969273,4531,497,078Form
5Locoh-Donou, FrancoisPresident, CEO & DirectorDirectSell3052026283.533,7551,064,67142,621,728Form

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