FFIV
F5, Inc.

F5, Inc.FFIV

Technology · Software - Infrastructure
365.53USD
-20.43%
Oct 29, 2026
FFIV overview ready
Multicloud application security and delivery solutions provider
F5 is an application-delivery and application-security infrastructure provider: its BIG-IP, NGINX, and Distributed Cloud offerings help enterprises route, optimize, secure, and govern applications and APIs across on-premises, cloud, and edge deployments.
Strong narrative exposure
Exposed to the Enterprise Cybersecurity Modernization narrative through Identity, Cloud and Application Attack Surface — infrastructure supplier.
No clear price read
Longer-term context reads established trend, with a near-term setup of pullback recovery.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Intense competition in application delivery and security software.
Market Oct 28Filing Jun 30Price action Oct 28Research Sep 13

Conviction Level

CompanyFit6.5PriceAction3.4Valuation4.8CompanyPosition9.3BusinessQuality8.6

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
No economic group yet — pending research
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads established trend, with a near-term setup of pullback recovery.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$20.7B
Avg Volume (60D)
642.0K
60 sessions
Revenue Growth YoY
+9.7%
FY2025 vs FY2024
Gross Margin
+81.9%
Trailing twelve months
Operating Margin
+24.5%
Trailing twelve months
Free Cash Flow Yield
+4.7%
Distance from 200DMA
+0.9%
Next Earnings
2027-01-26
P/E
28.5x
Market metrics as of Oct 28, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
F5, Inc. has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced. It trades at a 3.7% free-cash-flow yield, broadly in line with what the business currently supports.

What changed

  • FFIV fell 20.4% in one session
    FFIV closed -20.4% while the broad market was close to flat (+0.3%).
    2026-10-28

Company Research

Thesis
F5 is an application-delivery and application-security infrastructure provider: its BIG-IP, NGINX, and Distributed Cloud offerings help enterprises route, optimize, secure, and govern applications and APIs across on-premises, cloud, and edge deployments. So it cannot be a direct match.
Opportunity
Moderate opportunity
Enterprise security budgets for protecting identity, cloud-connected workloads, web applications, APIs, and their runtime attack surface across hybrid and multicloud environments.
Key risk
Intense competition in application delivery and security software.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Infrastructure
What they do

F5, Inc. provides multicloud application security and delivery solutions that enable customers to deploy, secure, and operate applications across on-premises and public cloud environments globally.

How it earns

The company primarily generates revenue through subscription and licensing of its software and cloud services.

Products & services
Web application and API protection
Multi-cloud networking
Application delivery and deployment
Domain name system services
Content delivery network
Application orchestration
Customers & end markets
Enterprises requiring application security and delivery
Cloud service operators and IT infrastructure providers
Market position

F5 is a recognized leader in application security and delivery solutions with a broad product portfolio across cloud and on-premises environments.

Demand drivers
Low cyclicality

Driven by enterprise IT infrastructure needs and security requirements which are relatively stable and recurring.