F5 Sees Big Wins in Multi-Cloud, AI Security, and IT Refresh, Analysts Forecast More Upside

1. F5 reports Q1 revenue of $766.49 million, exceeding estimates. 2. Second-quarter guidance suggests revenue of $705-$725 million, above forecasts. 3. Analysts raise price targets, anticipating sustained growth in hybrid/multi-cloud. 4. F5's strong hardware performance drives significant upside in guidance. 5. Demand for solutions in AI and multi-cloud environments expected to grow.