F5, Inc logo

F5, IncNasdaq: FFIV

Information Technology · Communications Equipment

$401.61

+4.67%

Vol: 39K

Research Digest

Monday, June 15, 2026

Neutral

No significant overnight updates

No material news in the last 48 hours.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 14No significant overnight updatesNeutral

No material news in the last 48 hours.

May 21F5 stock rallies to new 52-week high as RBC raises PT to $425 on AI infrastructure demandPositive

On May 19, 2026, RBC Capital raised F5 price target to $425 from $375 (Outperform), and earlier Evercore ISI upgraded the stock to Outperform from In Line, raising PT to $475 from $320 on F5 AI infrastructure exposure. JPMorgan also raised PT to $365 from $355 (Overweight). The stock surged 4.5% and hit a 52-week high of $385. F5 Q2 FY26 EPS of $3.90 beat by 13%+, revenue $812M with 11% growth (product +22%), free cash flow record $348M. The company has $50M in AI bookings YTD with AI ADC market projected at $1.5B by 2028 (F5 to capture $400M-$600M). FY26 revenue guidance raised to 7-8%. Analyst/Investor Meeting scheduled May 28, 2026. Risk: AI bookings still small portion of total revenue; valuation has rerated significantly.

May 20Evercore upgrades F5 to Outperform with $475 target on AI-driven systems demand; shares jump 5.2%.Positive

Evercore ISI upgraded F5 to Outperform from In Line on May 18, 2026, raising its price target to $475 from $320, citing AI infrastructure and application security tailwinds. RBC Capital also lifted its target to $425 from $375. F5 shares rose 5.2% on the news. Recent Q2 results showed 11% revenue growth to $812M, adjusted operating margins up 190bps to 33.8%, and a raised FY26 revenue growth outlook to 7–8% from 5%. Systems (hardware) sales grew 26% on AI demand. CFO Cooper Werner sold 1,500 shares ($525K) on May 8. An Analyst and Investor Meeting is set for May 28. Sentiment is positive.

May 19F5 received an Evercore ISI upgrade to Outperform with PT raised to $475 on AI-driven demand, while CEO and CFO sold shares in early May.Positive

Evercore ISI upgraded F5 to Outperform from In Line and lifted its price target to $475 from $320, citing multi-driver growth tied to AI infrastructure demand and application security needs; F5 shares surged 4.53% on the upgrade. On May 5, 2026, CEO Francois Locoh-Donou sold approximately $1.28 million in shares, and CFO Edward Werner sold 1,500 shares ($525,000) on May 8, 2026, with EVP Thomas Fountain selling 1,328 shares on May 5. F5's May 2026 quarterly security notification disclosed 51 high- and medium-severity vulnerabilities affecting BIG-IP, BIG-IQ, and NGINX. The April 28 Q2 print delivered EPS of $3.90 (vs $3.47 consensus) and revenue of $812 million (vs $782M), with margins up 190 bps and FY26 revenue guidance raised to 7-8% growth. F5 will host an Analyst and Investor Meeting on May 28, 2026. The risk is insider-selling optics and patch-management overhang amid the bullish AI thesis.

May 18F5 CEO Locoh-Donou sold $1.28M in shares on May 5 and CFO Werner sold 1,500 shares on May 8 as RBC raised PT to $375 and Piper Sandler to $356.Positive

F5 CEO Francois Locoh-Donou sold ~$1.28 million in common stock on May 5, 2026, and CFO Edward Cooper Werner sold 1,500 shares worth $525,000 on May 8. RBC Capital raised the price target to $375 (from $345, Outperform) and Piper Sandler to $356 (from $325, Overweight) following strong Q2 2026 results: sales grew 11% to $812M, EPS of $3.90 beat the $3.44 forecast, and adjusted operating margins expanded 190 bps to 33.8%. F5 raised FY26 revenue guidance to 7-8% growth from 5%. F5's May 2026 quarterly security notification detailed 51 high/medium-severity vulnerabilities in BIG-IP, BIG-IQ, and NGINX. FFIV reached an all-time high of $354.52 on May 8 and trades around $362.58. The Analyst & Investor Meeting is set for May 28.

May 15F5 will host its Analyst & Investor Day on May 28 after Q2 EPS of $3.90 crushed the $3.44 estimate and management raised FY revenue guidance to 7-8%; JPMorgan lifted PT to $355 and RBC to $375.Positive

F5 Inc. is scheduled to host its Analyst and Investor Meeting on May 28, 2026, a key event likely to spotlight its hybrid multi-cloud and AI-security strategy. Q2 2026 results posted EPS of $3.90 vs $3.44 estimate with revenue of $811.7M (+11% YoY), and management raised full-year revenue guidance to 7%-8% growth. The company also released its May quarterly security advisory disclosing 51 high- and medium-severity vulnerabilities across BIG-IP, BIG-IQ, and NGINX, with planned maintenance for Distributed Cloud CDN and Bot Defense services on May 16. CFO Edward Cooper Werner sold 1,500 shares for $525K on May 8 (CEO Locoh-Donou sold $1.28M on May 5). JPMorgan raised PT to $355 from $345 (Overweight); RBC raised PT to $375 (Outperform). Shares closed near $361.85 on May 14. Risk: insider selling cadence and execution on AI-security adoption.

May 14F5 expands Red Hat partnership for Kubernetes/AI security; insiders sell as stock hits all-time high near $354Mixed

F5 announced May 11 expanded Red Hat partnership with WAF for NGINX on Gateway Fabric for Kubernetes-native security and AI integration. The stock hit an all-time high of $354.52 on May 8, with shares trading $349-$362 on May 14. Q2 FY26 revenue grew 11% to $812M with 22% product growth (seventh straight double-digit quarter) and adjusted operating margin up 190 bps to 33.8%. Insiders Chad Whalen (EVP Sales, 6,200 shares) and CFO Cooper Werner (1,500 shares for $525K) sold on May 8. F5 hosts Analyst & Investor Day May 28. Risk: high valuation (P/E ~30) and bearish insider activity.

May 13F5 shares hit a new 52-week high of $362 on May 13 after Q2 EPS of $3.90 beat $3.47 estimate; JPMorgan raised PT to $365, RBC to $375.Positive

F5 reached an all-time high of $362 on May 13 after its strong Q2 FY2026 earnings (reported April 28). EPS of $3.90 beat the $3.47 consensus, with revenue of $812M up 11% YoY and product revenue up 22%, driven by AI and multi-cloud security demand. Systems/hardware sales grew 26% on AI-driven demand. The company raised FY revenue guidance to 7-8% growth. Two executives sold shares in early May: EVP Worldwide Sales Chad Whalen and EVP Thomas Fountain. JPMorgan raised PT to $365 (Overweight) and RBC to $375 (Outperform). Consensus rating is Hold.

May 12F5 CEO Locoh-Donou sold $1.28M and EVP Fountain sold $439K of stock on May 5, ahead of the May 28 Analyst & Investor Meeting.Mixed

President/CEO Francois Locoh-Donou sold roughly $1.28 million in F5 common stock on May 5, 2026, and EVP Thomas Fountain sold 1,328 shares at $330.58 for $439,010 the same day. The insider selling follows a strong fiscal Q2 (EPS $3.90 vs $3.47 est, revenue $811.7M vs $783.8M est) and a guidance raise to 7-8% FY26 revenue growth driven by hybrid multi-cloud and AI-driven hardware (+26%). RBC raised its target to $375 (Outperform) and Piper Sandler to $356 (Overweight). F5 will host its Analyst and Investor Meeting on May 28 in New York. The insider activity may weigh on sentiment near term, though business momentum remains constructive.

May 11F5 set May 28 Analyst Day after strong fiscal Q2 with 11% revenue growth driven by 22% product growth and AI/hardware tailwinds.Positive

F5 reported fiscal Q2 2026 revenue of $812M, up 11% YoY, with 22% product revenue growth — its seventh straight quarter of double-digit product growth. Adjusted EPS of $3.90 and operating margin expansion of 190 bps to 33.8% beat expectations. Systems/hardware sales grew 26% on AI-driven demand. Fiscal Q3 guidance: revenue $820M–$840M and non-GAAP EPS $3.91–$4.03. The company will host its Analyst and Investor Meeting May 28 in NYC. Insider selling: Chad Whalen (EVP Worldwide Sales) sold 704 shares May 4 and Thomas Fountain (EVP Global Services & Strategy) sold 1,328 shares May 5. Nine-analyst consensus rates Hold. Shares trade ~$344, market cap ~$19.7B.

May 8F5 beat Q2 earnings expectations with $3.90 EPS vs. $3.47 consensus; raised 2026 guidance and announced analyst meeting for May 28.Positive

F5 reported Q2 2026 EPS of $3.90 (beat $3.47 estimate) and revenue of $811.7M (beat $783.82M estimate) on April 28. Product revenue surged 21.7% sequentially and is up 16.3% YTD, with systems at ~55% of product mix. Company raised full-year guidance to $16.25-$16.55 EPS and Q3 guidance to $3.91-$4.03 EPS. RBC Capital raised price target to $375 from $345 on April 29. Stock up 16.95% month-over-month. Analyst and investor meeting scheduled May 28, 2026. Risk: insider selling activity (CTO, EVP sold in early May).

May 7F5 Inc raised 2026 revenue growth guidance to 7-8% and EPS guidance to $16.25-$16.55 on April 29, 2026; Q2 2026 revenue of $812M grew 11%.Positive

F5 reported strong Q2 2026 results with revenue of $812M, up 11% YoY, and raised full-year 2026 guidance significantly, projecting revenue growth of 7-8% (up from 5-6%) and non-GAAP EPS of $16.25-$16.55 (up from $15.65-$16.05). Product revenue grew 22% driven by systems revenue up 26% and software up 17%. The company generated approximately $50M in AI-related sales in the first half of 2026, up over 200% YoY, with around 100 customers now using F5 for AI workloads.

May 6F5 Inc Q2 2026 EPS $2.58 beats by 5.9% on product revenue strength; analyst targets raisedPositive

F5 reported Q2 2026 revenue of $811.7 million, up from $731.12 million year-ago, beating forecasts by 3.8%. Diluted EPS of $2.58 beat estimates, up 5.9%. Product revenue rose 21.7% sequentially and 16.3% year-to-date. Pushing into AI-driven cybersecurity reflecting enterprise adoption trends. RBC Capital raised price target to $375 from $345 (Outperform). Piper Sandler increased target to $356 from $325. Stock gained 13.52% in past month, up 9.27% week-over-week. Analyst Investor Meeting scheduled for May 28.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
CSCOCISCO$121.06+2.42%-0.6%24.8x0.91$465.9B
ANETARISTA$165.32+11.26%+4.8%33.4x1.67$187.1B
CIENCIENA$451.66-23.09%+11.9%67.2x1.25$83.0B
MSIMOTOROLA$410.60+2.59%-2.4%21.6x0.94$66.4B
FFIVF5$401.61+4.67%+1.0%21.9x1.00$21.6B
NVDANVIDIA$208.96-4.81%-1.3%18.9x2.24$5.32T

Key Fundamentals

Market Cap$21.6B
P/E (TTM)31.6
Forward P/E21.9
Beta1.00
Div Yield
Prev Close$383.70

RSI (14-Day)

94Overbought
0305070100

52-Week Range

$223.76$401.61$391.25
From High2.6%
From Low+79.5%

Moving Averages

50d SMA
$311.80+28.8%
200d SMA
$291.62+37.7%

Price above both MAs — bullish structure.

Historical Returns

1W
+10.2%
1M
+30.4%
3M
+46.6%
6M
+67.2%
1Y
+42.6%
YTD
+56.5%

Volume

Today39K
20d Avg729K
Ratio0.05x