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F5 Networks, Inc.

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F5 Networks is benefiting from increasing demand for cloud and security offerings. Deployment of solutions by customers on cloud and on-premise environment is expected to drive revenues going ahead. Partnership with major public cloud providers like AWS and Microsoft Azure is a tailwind. The company’s BIG-IP Cloud Edition is also expected to be a meaningful driver of software growth. Moreover, these initiatives are expected to expand the company’s total addressable market and result in client wins. The stock has outperformed the industry in the past year. Estimates have been stable ahead of the company's Q1 earnings release. The company has positive record of earnings surprises in recent quarters. Nevertheless, a volatile spending atmosphere and competition from peers remain concerns. Moreover, a substantial portion of sales is derived from outside the U.S., which exposes the company to exchange rate fluctuations.


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