F5 stock is outperforming with positive Q4 results and promising outlook

From Nasdaq: 2024-12-30 10:43:51

F5, Inc. is a key player in multi-cloud application security and delivery with a market cap of around $15 billion. Its offerings optimize application performance, availability, and security for enterprise businesses, governments, and service providers worldwide, partnering with major cloud providers like AWS, Microsoft Azure, and Google Cloud.

Shares of F5 are currently trading 3.4% below their 52-week high of $264.50, with a 16.7% increase over the past three months. In the longer term, FFIV stock has surged 42.1% over the past 52 weeks, trading above its 50-day and 200-day moving averages since July, indicating a bullish trend.

Following strong Q4 results, F5 saw a 10.1% surge in its stock price. The company reported adjusted EPS of $3.67 and revenue of $746.7 million, exceeding estimates. Software revenue grew by 19% year-over-year to $228 million, showcasing successful transition to a software-focused model and promising outlook for fiscal 2025 with revenue growth of 4% – 5% and adjusted EPS growth of 5% – 7%. A new $1 billion share repurchase program was also announced.



Read more at Nasdaq: Is F5 Stock Outperforming the Dow?