Street View: F5 in "no-win" sales forecast scenario after cybersecurity breach

F5

28/10/2025 15:30

** F5 FFIV.O down 8.6% at $265.22 after forecasting Q1 revenue below estimates due to sales disruptions from recent cybersecurity breach

** F5 expects Q1 rev of $730-$780 mln vs analyst estimates of $791 mln, per LSEG data; and sees FY rev growth of 0%-4% vs market estimates of 4.8% increase

BETWEEN SECURITY AND TRUST

** Piper Sandler (“neutral”, PT: $277) says the security breach meant F5 was in a 'no-win' scenario heading into Q1 as an aggressive forecast could be construed to undermining the breach vs. a conservative forecast

** JP Morgan (“neutral”, PT: $295) says results were robust but security incident drives conservative outlook and could challenge valuation multiple

** Needham (“hold”, PT: $290.41) highlights strong fundamentals and recurring revenue, believes F5's current refresh cycle is likely to delay beyond its expectations, damaging its ability to exceed near-term expectations

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))