Morningstar - F5 Networks Inc. (FFIV) Software Propelling F5s 3Q and Long-Term Strategy; Shares Undervalued; Maintaining FVE of $181

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Morningstar

Mark Cash

EUR 100.00 For Business Accounts Only

Software Propelling F5's 3Q and Long-Term Strategy; Shares Undervalued; Maintaining FVE of $181

F5 Networks' year-over-year revenue growth of 3.9% was slightly ahead of our expectations and was led by the acceleration in software outpacing the slowdown in systems. Compared with the prior year, software grew 91%, now constituting 27% of product revenue, whereas systems declined by 11%. Operating margin and EPS were slightly lower than we expected due to the integration charges of Nginx being higher than we anticipated in the quarter. We remained encouraged by this narrow-moat name shifting ...

25/07/2019 14 EN

Underlying

F5 Networks Inc.

F5 Networks is a provider of multi-cloud application services, which enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud. The company's application services are available as cloud-based, software-as-a-service, and software-only solutions supported for multi-cloud environments. In connection with its solutions, the company provides a range of services, including consulting, training, installation, maintenance, and other technical support services. The company's products and solutions include hardware platforms, software and software-as-a-service platforms, cloud-based managed services, and service provider solutions.

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US3156161024 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Mark Cash

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Software Propelling F5's 3Q and Long-Term Strategy; Shares Undervalued; Maintaining FVE of $181

F5 sees a downgrade to Slightly Negative on account of less fundamental stars

Valens Equity Insights and Inflections - 2021 10 19

FFIV - Embedded Expectations Analysis - 2021 10 15

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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