F5 raises annual revenue growth forecast again on strong cybersecurity demand

July 27 (Reuters) - F5 ‌on Monday ​raised ​its annual revenue growth forecast for the third time this ‌year, betting on robust demand for its ⁠secure network and application delivery solutions as ‌businesses navigate heightened cybersecurity ‌risks tied to the AI boom.

Grappling with a surge in AI-driven cyberattacks and ​ransomware, businesses worldwide are racing to overhaul their digital infrastructure and tighten ⁠security operations.

Here are some details:

• Shares of the company rose ​4% in extended trading.

• F5, which provides products that help customers direct, ​manage and filter internet ‌traffic, raised its annual revenue growth forecast to about 9% ⁠to 10%, compared with its earlier expectation of a 7% to 8% increase.

• The ⁠company also lifted its fiscal year 2026 adjusted earnings ​per share guidance to a range of $17.21 to $17.33, up from $16.25 to $16.55 per share.

• F5 reported third-quarter ‌revenue of $865 million, beating analysts' estimates of $832.6 million, according to data ‌compiled by LSEG.

• Adjusted earnings per share ⁠came in at $4.73, ‌compared with analysts' ​estimates of $4.

(Reporting by Nithyashree R B in Bengaluru; Editing by Shilpi ‌Majumdar)

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