F5, Inc. (FFIV) Stock Price & Analysis
F5, Inc. (FFIV) closed at USD 450.08 on Thursday, October 22, 2026, down 1.86% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 458.59; the Oct 22, 2026 session ranged USD 445.72–457.7 on volume of 494,099 shares. Market capitalization is $25.49B, with a 52-week range of USD 223.76–483.3 (NMS). Source: Nexqual, retrieved October 23, 2026 at 08:42 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FFIV.md
Key facts (FFIV)
- Last four reported quarters (through Jun 30, 2026): revenue $3.31B, net income $727M (22.0% margin), free cash flow $970M (SEC filings).
- Valuation: P/E 35.1x (avg 25.0x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold FFIV (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 21 Form 4 filings, $14.7M; 2 not under a Rule 10b5-1 plan ($2.0M); 0 by opportunistic insiders, 7 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.54 on a 1–5 scale) (13 analysts), mean target USD 437.8 (range 300–525).
- Total return with dividends: 1Y +49.1% vs S&P 500 +14.9%; 5Y +116.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 4.26, revenue estimate $885M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FFIV)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.60B | $2.70B | $2.81B | $2.82B | $3.09B | $3.31B |
| Gross profit | $2.11B | $2.16B | $2.22B | $2.26B | $2.51B | — |
| Operating income | $394M | $404M | $473M | $659M | $766M | $812M |
| Net income | $331M | $322M | $395M | $567M | $692M | $727M |
| EPS (diluted) | $5.34 | $5.27 | $6.55 | $9.55 | $11.80 | — |
| Free cash flow | $615M | $409M | $599M | $762M | $906M | $970M |
| Gross margin | 81.1% | 80.0% | 78.9% | 80.2% | 81.4% | — |
| Operating margin | 15.1% | 15.0% | 16.8% | 23.4% | 24.8% | 24.5% |
| Net margin | 12.7% | 12.0% | 14.0% | 20.1% | 22.4% | 22.0% |
| Revenue growth | +10.7% | +3.6% | +4.4% | +0.1% | +9.7% | — |
| Cash + short-term investments | $911M | $885M | $803M | $1.07B | $1.34B | — |
| Total debt | $369M | $350M | — | — | — | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FFIV)
P/E 35.1x · P/S 7.7x · P/FCF 26.3x · P/B 6.6x · FCF yield 3.80% · Earnings yield 2.85%
P/E at fiscal year-ends: Sep 2025 27.4x, Sep 2024 23.1x, Sep 2023 24.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (FFIV)
2 of 80 tracked investors hold FFIV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Jensen Investment Management | 0.08% | $3.1M | Reduced -43.9% | |
| Lee Ainslie | Maverick Capital | 0.01% | $653K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (FFIV)
19 of 21 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Montoya Michael F | Chief Technology Ops Officer | 4,426 | $1.8M | 77.2% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-09-14 | Maddison John Anthony | Chief Product Mkting Officer | 204 | $83K | 15.1% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-08-05 | Fountain Thomas Dean | EVP Global Services & Strategy | 1,208 | $501K | 13% | Yes | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-08-05 | Locoh-Donou Francois | President, CEO & Director | 3,782 | $1.6M | 2.5% | Yes | Routine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov each year 2023–2025) |
| 2026-08-03 | Whalen Chad Michael | EVP, Worldwide Sales | 703 | $285K | 3.2% | Yes | Routine (sold in Aug & Nov each year 2023–2025) |
| 2026-08-03 | Werner Edward Cooper | Chief Financial Officer | 599 | $243K | 59.6% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Okeke Angelique M | EVP, General Counsel | 515 | $208K | 18.7% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Maddison John Anthony | Chief Product Mkting Officer | 1,000 | $406K | 42.5% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Anand Kunal | Chief Technology Officer | 392 | $159K | 3% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-30 | Mehta Nikhil Ramesh | Director | 4,000 | $1.6M | 36.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10 | Buse Elizabeth | Director | 1,000 | $399K | 16.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-02 | Werner Edward Cooper | Chief Financial Officer | 2,500 | $1.0M | 86% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-08 | Whalen Chad Michael | EVP, Worldwide Sales | 6,200 | $2.2M | 22.9% | Yes | Routine (sold in Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-08 | Werner Edward Cooper | Chief Financial Officer | 1,500 | $525K | 34% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Locoh-Donou Francois | President, CEO & Director | 3,783 | $1.3M | 2% | Yes | Routine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov each year 2023–2025) |
| 2026-05-05 | Fountain Thomas Dean | EVP Global Services & Strategy | 1,328 | $439K | 14.1% | Yes | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-04 | Whalen Chad Michael | EVP, Worldwide Sales | 704 | $233K | 2.5% | Yes | Routine (sold in Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-04 | Werner Edward Cooper | Chief Financial Officer | 599 | $193K | 12% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04 | Okeke Angelique M | EVP, General Counsel | 842 | $271K | 28.5% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04 | Maddison John Anthony | Chief Product Mkting Officer | 1,000 | $322K | 31.8% | Yes | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FFIV)
Consensus Hold (mean 2.54 on a 1–5 scale), 13 analysts; mean target USD 437.8 (low 300, high 525).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | RBC Capital | Target raised | Outperform | $508 → $525 |
| 2026-07-28 | Morgan Stanley | Target raised | Equal-Weight | $380 → $415 |
| 2026-07-28 | Piper Sandler | Target raised | Overweight | $423 → $461 |
| 2026-07-28 | JP Morgan | Target raised | Overweight | $500 → $515 |
| 2026-07-28 | Barclays | Target raised | Equal-Weight | $386 → $397 |
Total return (dividends reinvested) (FFIV)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +49.1% | +116.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +49.3% | +16.6% |
| Volatility (annualized) | 35.1% | 28.0% |
| Max drawdown | -25.8% (Oct 2025→Nov 2025) | -45.6% (Dec 2021→May 2023) |
FFIV revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product | $462.8M | 53.5% | +19.0% |
| Service | $402.2M | 46.5% | +2.7% |
| Total revenue | $865.1M | 100% | — |
FFIV revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Americas | $478.6M | 55.3% | +11.0% |
| — United States (part of Total Americas) | $454.0M | 52.5% | +10.4% |
| — Other Americas (part of Total Americas) | $24.6M | 2.8% | +23.6% |
| EMEA | $256.0M | 29.6% | +26.7% |
| APAC | $130.5M | 15.1% | -11.4% |
| Total revenue | $865.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FFIV suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Flex (FLEX) | “We outsource the manufacturing of our products to various manufacturing partners, including our primary third-party manufacturer service provider, Flex Ltd. ("Flex"), to manufacture our hardware systems according to our specifications.” |
| Partner | Amazon (AMZN) | “We have ongoing partnerships with the major cloud providers such as AWS, Microsoft Azure, and Google Cloud Platform and have expanded our reseller routes to market to include their public cloud marketplaces.” |
| Partner | Alphabet (Google) (GOOGL) | “We have ongoing partnerships with the major cloud providers such as AWS, Microsoft Azure, and Google Cloud Platform and have expanded our reseller routes to market to include their public cloud marketplaces.” |
| Partner | Microsoft (MSFT) | “We have ongoing partnerships with the major cloud providers such as AWS, Microsoft Azure, and Google Cloud Platform and have expanded our reseller routes to market to include their public cloud marketplaces.” |
| Competitor | Broadcom (AVGO) | “Our F5 BIG-IP offerings compete against Citrix and Broadcom.” |
| Competitor | Cisco (CSCO) | “In application security, we compete with vendors that offer web application firewall, bot detection and mitigation, API protection, carrier-grade firewall, carrier-grade network address translation ("NAT"), SSL orchestration, access policy management, and DDoS mitigation including Akamai, Cisco, Cloudflare, Fortinet, Juniper Networks, Palo Alto, Radware, and Thales (Imperva).” |
Quoted from the company's 10-K filed Nov 25, 2025.
FFIV customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (18.4%, 16.4%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
FFIV company outlook (results filed Jul 27, 2026)
- “F5 raised its outlook for its fiscal year 2026, guiding for revenue growth of approximately 9% to 10%, up from 7% to 8% previously.”
- “F5 expects non-GAAP earnings per share in a range of $17.21 to $17.33, up from $16.25 to $16.55 previously.”
- “F5 is unable to provide a reconciliation of non-GAAP earnings guidance measures to corresponding U.S. generally accepted accounting principles or GAAP measures on a forward-looking basis without unreasonable effort due to the overall high variability and low visibility of most of the foregoing items that have been excluded.”
- “Q3 FY26 Earnings Release Page 3 of 5 Live Webcast and Conference Call F5 will host a live webcast to review its financial results and outlook today, July 27, 2026, at 4:30 pm ET.”
Quoted word-for-word from the SEC 8-K results press release.
FFIV analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.26 | $4.14 | +2.7% | $885.1M | 12 |
| Next quarter (ends Dec 2026) | $4.36 | $4.33 | +0.7% | $873.3M | 12 |
| Current fiscal year (ends Sep 2026) | $17.33 | $16.49 | +5.1% | $3.38B | 13 |
| Next fiscal year (ends Sep 2027) | $18.08 | $17.68 | +2.2% | $3.64B | 13 |
FFIV options: expected move
Options price a move of about ±12.3% (±$55.45) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±8.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 54.7% | ±12.3% |
| Dec 18, 2026 | 56 | 47.7% | ±15.0% |
| Jan 15, 2027 | 84 | 44.7% | ±17.2% |
| Feb 19, 2027 | 119 | 46.3% | ±21.1% |
| Apr 16, 2027 | 175 | 44.1% | ±24.4% |
| May 21, 2027 | 210 | 45.2% | ±27.3% |
| Aug 20, 2027 | 301 | 44.9% | ±32.4% |
| Nov 19, 2027 | 392 | 44.8% | ±36.8% |
30-day implied volatility 54.3% vs 33.9% realized over the last 30 trading days. Put/call ratio (volume) 1.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:42 UTC)
| Price | USD 450.08 |
|---|---|
| Change | ▼ 1.86% (down) |
| Previous Close | USD 458.59 |
| Open | USD 455 |
| Day Range | USD 445.72 – 457.7 |
| 52-Week Range | USD 223.76 – 483.3 |
| Volume | 494,099 shares |
| Market Cap | $25.49B |
| Exchange | NMS |
Technical Analysis (FFIV)
Nexqual's technical model rates FFIV "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 08:42 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 54.15 (neutral) |
| vs SMA50 | Above (USD 427.13) |
| MACD | 6.91 (positive) |
Analyst Ratings (FFIV)
Wall Street analysts rate FFIV "Hold" based on 13 analysts, with a mean price target of USD 437.8 (range USD 300–525), per Nexqual as of October 23, 2026 at 08:42 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 437.8 |
| High Target | USD 525 |
| Low Target | USD 300 |
| Buy / Hold / Sell | 5 / 7 / 1 |
Earnings (FFIV)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 4.26 |
| Revenue Estimate | $885.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.73 vs est 4 ▲ beat |
| 2026-03-31 | USD 3.9 vs est 3.46 ▲ beat |
| 2025-12-31 | USD 4.45 vs est 3.65 ▲ beat |
| 2025-09-30 | USD 4.39 vs est 3.97 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Financials & Fundamentals (FFIV)
| Total Revenue | $3.31B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.90% |
| Gross Margin | +81.87% |
| Operating Margin | +24.65% |
| Profit Margin | +21.95% |
| ROE | +19.83% |
| Debt / Equity | 0.07 |
| Current Ratio | 1.67 |
| Total Cash | $1.61B |
| Total Debt | $252.38M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $969.60M (29.3% of revenue) |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Financial Health Score (FFIV)
Nexqual rates F5, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 08:42 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 82%, operating 25% (last 12 months) |
| Balance Sheet | Strong — $1.61B cash vs $252M debt, net cash position |
| Cash Flow | Strong — FCF $970M (last 4 quarters to Jun 2026, SEC), 29% margin |
| Efficiency | Solid — ROE 20%, ROA 8.0% |
Ownership (FFIV)
| Insider Ownership | +0.50% |
|---|---|
| Institutional Ownership | +101.57% |
| Shares Outstanding | 56.63M |
| Float | 56.20M |
| Short % of Float | +2.95% |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Leadership (FFIV)
F5, Inc. is led by Francois Locoh-Donou, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 08:42 UTC.
| President, CEO & Chairman | Francois Locoh-Donou |
|---|---|
| Executive VP & Chief Financial Officer | Edward Cooper Werner |
| Executive VP & COO | Thomas Dean Fountain |
| Executive VP & Chief Marketing Officer | John Maddison |
| Executive VP & Chief Revenue Officer | Chad Michael Whalen |
Major Backers & Investors (FFIV)
Notable institutional backers of F5, Inc. include Jericho Capital Asset Management, LP, Hotchkis & Wiley Capital Management, LLC, First Trust Advisors LP, according to Nexqual as of October 23, 2026 at 08:42 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jericho Capital Asset Management, LP | 3.74% |
| Hotchkis & Wiley Capital Management, LLC | 3.64% |
| First Trust Advisors LP | 2.72% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 2.5% |
| Invesco | 2.45% |
| AQR Capital Management, LLC | 1.63% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.47% |
| BlackRock | 11.09% |
| State Street | 5.47% |
| Geode Capital | 3.14% |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
From F5, Inc.'s Latest SEC 10-K Filing (filed 2025-11-25)
Key Strengths & Strategy (as disclosed to the SEC)
- App Connect provides end-to-end visibility for customers, who can choose their underlying transport, including the F5 Global Network.
- F5 Distributed Cloud Service offerings are available as packaged software and SaaS-based consumption models and include the following: •F5 Distributed Cloud Web App and API Protection ("WAAP").
- Schramm spent nine years at Google in various leadership roles including Vice President, Strategy & Innovation where she spearheaded Google's first enterprise-wide people strategy supporting the transformation to an AI-first company.
- Our F5 Distributed Cloud Services is a portfolio of SaaS and managed services designed for both traditional and modern applications where a SaaS deployment model is preferred.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in governmental regulations could negatively affect our revenues.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| IOT | Samsara Inc. | USD 43.78 | ▲ 1.25% |
| CPAY | Corpay, Inc. | USD 415.01 | ▲ 1.83% |
| RBRK | Rubrik, Inc. | USD 120.75 | ▲ 0.31% |
| VRSN | VeriSign, Inc. | USD 304.59 | ▼ 0.87% |
| MDB | MongoDB, Inc. | USD 362.24 | ▼ 7.3% |
| CRWV | CoreWeave, Inc. | USD 55.6 | ▼ 10.06% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:42 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt