F5 projects FY 2027 revenue growth of 8% to 9% and non-GAAP EPS of $18 to $18.30 amid AI security push (NASDAQ:FFIV)

Evercore ISI raised F5 Networks' (FFIV) price target to $500, citing AI-driven growth. The company reported Q3 revenue of $917M, EPS of $4.42, and guidance for 8-9% revenue growth in 2027. Piper Sandler downgraded FFIV to Neutral, citing valuation concerns.

Piper Sandler downgraded F5 Networks (FFIV) to Neutral, citing valuation concerns despite strong Q4 results. The stock is up 80% YTD, trading at $459.36. Piper maintains a $461 price target, noting potential peaking growth and lack of catalysts. F5 reported Q4 adjusted earnings of $4.42 per share, beating estimates, with revenue of $917M, up 13% YoY.

F5 Inc (FFIV) reported Q4 2026 earnings, with revenue exceeding guidance. The company expects FY27 revenue growth of 8-9%, down from 11% in FY26, due to cyclical systems refresh. Non-GAAP gross margin is projected to decline to 80.5-82.5% from Q4's 84%. Operating margin pressure is anticipated in Q1 and Q2 due to increased investments. AI security bookings reached over $100 million, up 300% year-over-year, with the AI addressable market expected to reach $11 billion by 2030.

F5 (FFIV) reported Q4 GAAP net income of $186M ($3.23/Share) and non-GAAP net income of $255M ($4.42/Share). The company highlighted growth in security, AI, and software revenue, with AI-related bookings up 300% YoY. F5 expects fiscal 2027 revenue growth of 8-9% and non-GAAP EPS of $18.00-$18.30. The board authorized $1.5B for share repurchases.

F5 (FFIV) reported Q4 2026 earnings, highlighting growth driven by hybrid multi-cloud adoption and AI security trends. The company expects 8-9% revenue growth in FY 2027, with double-digit product revenue growth for the third consecutive year. F5's AI-powered security solutions, such as its WAF capabilities, are gaining traction, with over 300 customers deploying them in blocking mode.

F5 Inc. (FFIV) reported Q4 FY26 revenue of $917M, up 13% YoY, with product revenue growing 23%. AI bookings exceeded $100M, up 300% YoY. Despite beating estimates, shares fell 1.58% on lower FY27 growth guidance of 8-9%. Full-year revenue was $3.4B, up 11% YoY, with $17.49 in non-GAAP EPS.