By Nicholas G. Miller
F5 shares rose Thursday, a day after the company reported third-quarter earnings that beat expectations and said it saw a surge in third-quarter hardware sales.
The stock was up 7.6% to $321.70 and is up 58% over the previous 12 months.
The technology company that specializes in application security and delivery reported 39% growth in hardware revenue and a 16% increase in software revenue.
F5 said in its earnings call that hardware sales were fueled by tech refresh, or customers buying new versions of hardware as current versions expire, as well as customers preparing for AI adoption by building out their data center needs.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
July 31, 2025 11:05 ET (15:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.