F5 (FFIV)
Secures and delivers applications and APIs across on-premises, cloud, and edge infrastructure.
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Sells application delivery and security hardware, software, SaaS, and services through BIG-IP, NGINX, Distributed Cloud Services, and the broader ADSP. Global Services supplies maintenance and support across on-premises, cloud, and edge deployments, while a concentrated distributor channel handles a meaningful share of revenue.
Delivers and secures applications and APIs across data centers, public clouds, and edge environments through the F5 Application Delivery and Security Platform. BIG-IP provides traffic management and application security in software and purpose-built systems; NGINX handles web serving, load balancing, API connectivity, and Kubernetes traffic; Distributed Cloud Services supplies SaaS-based web application and API protection and multicloud networking. The newer AI Security Platform adds AI discovery, testing, guardrails, and runtime protection.
Global Services supports deployed infrastructure through maintenance, technical support, consulting, and training, making services a large recurring part of the revenue mix. The portfolio spans the Americas, EMEA, and Asia-Pacific, with the United States the largest market. Results also depend on a concentrated distributor channel, while the disclosed cyber incident continues to generate response costs and government inquiries.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Piper Sandler | Reiterate | Rating: —Target: $295 | Target: $461 |
| Jul 28, 2026 | Barclays | Reiterate | Rating: —Target: $292 | Target: $397 |
| Jul 28, 2026 | BOCOM International Holdings Company | Target | Target: — | Target: $300 |
| Jun 9, 2026 | RBC Capital | Reiterate | Rating: —Target: $345 | Target: $450 |
| May 18, 2026 | Evercore ISI | Target | Target: $240 | Target: $475 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.61B · Total debt $252.4M · Total assets $6.83B · Shareholders' equity $3.86B
- Revenue
- $865.1M
- Operating income
- $213.3M
- Net income
- $208.2M
No dividends on record.
| Institutions | 97.43% | 55.17M shares | |
|---|---|---|---|
| 856 holders · as of Jun 30, 2026 | |||
| Insiders | 0.74% | 419.2K shares | |
| 22 holders · as of Sep 15, 2026 | |||
| Other | 1.83% | 1.04M shares | |
| remainder | |||
56.63M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.09% | 6.28M | as of Jun 30, 2026 |
Hotchkis and Wiley Capital Management, LLCInstitution | 8.09% | 4.58M | filed May 15, 2026 |
Vanguard Capital Management LLCInstitution | 6.51% | 3.69M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.47% | 3.10M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.96% | 2.81M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Michael F. Montoya | officer: Chief Technology Ops Officer | −4,426 | $410.16 |
| Sep 14, 2026 | John Anthony Maddison | officer: Chief Product Mkting Officer | −204 | $406.24 |
| Aug 5, 2026 | Francois Locoh-Donou | director, officer: President, CEO & Director | −3,782 | $412.44 |
| Aug 5, 2026 | Thomas Dean Fountain | officer: EVP Global Services & Strategy | −1,208 | $414.63 |
| Aug 3, 2026 | Kunal Anand | officer: Chief Technology Officer | −392 | $404.63 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| F5 | $450.00 | −0.02% | $25.39B | 35.9 | 25.9 | 7.7 | +10.9% |
| Cloudflare | $350.90 | −0.22% | $124.85B | — | 236.5 | 49.7 | +35.9% |
| Akamai Technologies | $119.32 | +1.63% | $17.07B | 42.2 | 17.3 | 3.9 | +5.4% |
| Broadcom | $362.84 | +0.05% | $1.73T | 46.3 | 20.9 | 19.4 | +85.5% |
| Fortinet | $172.39 | −1.62% | $128.57B | 61.7 | 48.9 | 17.1 | +25.6% |
| Radware | $28.74 | −2.57% | $1.27B | 77.7 | 22.7 | 4.0 | +10.9% |
| A10 Networks | $26.63 | −1.17% | $1.94B | 44.9 | 24.5 | 6.3 | +15.5% |
| Palo Alto Networks | $367.21 | −1.22% | $302.98B | 844.9 | 87.7 | 26.4 | +34.5% |
| Cisco Systems | $106.77 | −4.21% | $439.31B | 33.5 | 20.9 | 6.9 | +17.6% |
| Median | 46.3 | 23.6 | 12.0 | +21.6% |