F5 (FFIV) expects accelerating revenue and earnings growth as it continues to capitalize on the shift to hybrid multicloud architectures, capture demand for application delivery controllers, and drive platform adoption via product families, RBC Capital Markets said in a Thursday research report.
The company is also capturing new AI opportunities in data delivery, runtime security, and factory load balancing, according to the note.
Cost optimization, regulation, and data governance in AI are driving enterprises to reinvest in private infrastructure, accelerating data center capacity growth and creating a backdrop for faster revenue growth, analysts wrote.
The brokerage said it reiterated its outperform rating on the stock and price target of $425 per share.
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