Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>F5, Inc's recent earnings' key highlights included a strong Q1 performance, with consistent performance across their geographic theaters, and revenue exceeding the high-end of their guidance range.</li><li>The company also reported non-GAAP operating margins of 35.5% and non GAAP EPS growth of 39%, both above expectations.</li><li>However, despite the promising Q1 results, there were also signs of concern as the Q1 software revenue declined by 10% year-over-year.</li></ul>

F5, Inc's recent earnings' key highlights included a strong Q1 performance, with consistent performance across their geographic theaters, and revenue exceeding the high-end of their guidance range.The company also reported non-GAAP operating margins of 35.5% and non GAAP EPS growth of 39%, both above expectations.However, despite the promising Q1 results, there were also signs of concern as the Q1 software revenue declined by 10% year-over-year.

F5 Networks Inc.: Could The Impact and Potential of AI Change Its Story? - Major Drivers

<ul><li>F5 Networks Inc. delivered an all-around beat in the most recent quarterly result.</li><li>F5 also continues to observe increased maintenance attach rates on older deployments due to customers worrying about their existing assets.</li><li>Their product revenue increased by 1%, their systems revenue increased by 5%, and their software revenue decreased by 3%.</li></ul>

F5 Networks Inc. delivered an all-around beat in the most recent quarterly result.F5 also continues to observe increased maintenance attach rates on older deployments due to customers worrying about their existing assets.Their product revenue increased by 1%, their systems revenue increased by 5%, and their software revenue decreased by 3%.

F5 Networks Inc: The Future Of Networking & AI Integration! - Major Drivers

Equity Capital Markets

<ul><li>F5 managed an all-around beat in its second quarter results despite ongoing macro-uncertainty.</li><li>Global Services revenue increased by 8% to $363 million, owing to high maintenance renewals and the effects of the price increase implemented in Q4 of last year.</li><li>Product sales increased 14% year on year, reflecting strong system shipments compared to a more difficult comparison in the previous quarter.</li></ul>

F5 managed an all-around beat in its second quarter results despite ongoing macro-uncertainty.Global Services revenue increased by 8% to $363 million, owing to high maintenance renewals and the effects of the price increase implemented in Q4 of last year.Product sales increased 14% year on year, reflecting strong system shipments compared to a more difficult comparison in the previous quarter.

F5 Inc.: A Resilient Performer Amidst Macro Uncertainty – Key Drivers

<ul><li>Against the backdrop of the continued tough competition, F5 delivered an all-around beat in the recent result.</li><li>The company experienced more pervasive deal delays and heightened budget in the quarter across all geographies.</li><li>Among new launches, F5 launched a cloud workload protection solution named F5 Distributed Cloud AIP (App Infrastructure Protection) to accelerate application protection and observability to cloud-native infrastructures.</li></ul>

Against the backdrop of the continued tough competition, F5 delivered an all-around beat in the recent result.The company experienced more pervasive deal delays and heightened budget in the quarter across all geographies.Among new launches, F5 launched a cloud workload protection solution named F5 Distributed Cloud AIP (App Infrastructure Protection) to accelerate application protection and observability to cloud-native infrastructures.

F5 Networks: F5 Distributed Cloud AIP & Other Drivers

<ul><li>This is our first report on F5 Inc, a well-known provider of multi-cloud security and application delivery that helps businesses connect to their customers.</li><li>In the quarter, F5 saw a good demand as customers secured, scaled, and added their applications as demand for security fuel sales.</li><li>Service providers have driven recent demand as secure 4G cores and customers scale and start to move 5G cores in production.</li></ul>

This is our first report on F5 Inc, a well-known provider of multi-cloud security and application delivery that helps businesses connect to their customers.In the quarter, F5 saw a good demand as customers secured, scaled, and added their applications as demand for security fuel sales.Service providers have driven recent demand as secure 4G cores and customers scale and start to move 5G cores in production.

F5 Inc: Initiation of Coverage – Business Strategy & Key Drivers

United States

F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications.  The Company's software-based solutions manage, control and optimize Internet traffic and content.  F5's solutions automatically deliver Internet content for service providers and e-businesses.

F5 Networks Inc (FFIV US)

F5 Networks Inc.: Could The Impact and Potential of AI Change Its Story? - Major Drivers

F5, Inc's recent earnings' key highlights included a strong Q1 performance, with consistent performance across their geographic theaters, and...

Baptista Research

F5 Networks Inc: The Future Of Networking & AI Integration! - Major Drivers

F5 Networks Inc. delivered an all-around beat in the most recent quarterly result. F5 also continues to observe increased maintenance attach rates...

Baptista Research

F5 Inc.: A Resilient Performer Amidst Macro Uncertainty – Key Drivers

F5 managed an all-around beat in its second quarter results despite ongoing macro-uncertainty. Global Services revenue increased by 8% to $363...

Baptista Research

F5 Networks: F5 Distributed Cloud AIP & Other Drivers

Against the backdrop of the continued tough competition, F5 delivered an all-around beat in the recent result. The company experienced more...

Baptista Research

F5 Inc: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on F5 Inc, a well-known provider of multi-cloud security and application delivery that helps businesses connect to their...

Baptista Research