10 AI News and Ratings Making Waves Around Wall Street

4. F5, Inc. (NASDAQ:FFIV)

Number of Hedge Fund Holders: 31

F5, Inc. (NASDAQ:FFIV) delivers multi-cloud security and application delivery solutions, enabling secure and efficient application deployment across various platforms.

F5 (NASDAQ:FFIV) reported strong earnings on January 28 with Q1 non-GAAP EPS of $3.84, outperforming estimates by $0.46, and revenue of $766 million, $49.52 million above consensus. AI is seen as a potential catalyst as F5’s President and CEO, François Locoh-Donou said that the company is seeing new opportunities in hybrid multi-cloud and AI. Locoh-Donou added:

“Over the last several years, we have substantially reshaped F5 for the hybrid and multi-cloud architectures of the AI era. With all its advantages, hybrid multi-cloud also brings with it new challenges. IT teams are being overwhelmed by high cost, crushing complexity and escalating cyber risk, a set of challenges we call the ball of fire.

As AI becomes ubiquitous, it will add fuel to the ball of fire, requiring more capacity to handle massive amounts of data, more sophisticated traffic management to deal with complex traffic patterns and enhanced security capabilities to stay ahead of new security threats.”