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. reported robust financial performance for the second quarter of fiscal year 2025, highlighted by 7% total revenue growth year-over-year.</li><li>This growth was largely driven by a substantial 12% increase in product revenue.</li><li>Notably, system revenue surged 27%, underscoring strong demand as customers continued to refresh aging hardware and modernize data centers.</li></ul>

F5 Inc. reported robust financial performance for the second quarter of fiscal year 2025, highlighted by 7% total revenue growth year-over-year.This growth was largely driven by a substantial 12% increase in product revenue.Notably, system revenue surged 27%, underscoring strong demand as customers continued to refresh aging hardware and modernize data centers.

F5 Networks Bets Big on AI & Cybersecurity—Can Its New AI Gateway Expand Its Market Share?

<ul><li>F5, Inc. delivered robust results in its first quarter of fiscal 2025, displaying noteworthy growth across its product offerings and geographical regions.</li><li>The company achieved an 11% increase in total revenue, reaching $766 million, with product revenue growing by 20%.</li><li>This was primarily driven by strong performances in both software and systems revenue, which grew by 22% and 18% respectively.</li></ul>

F5, Inc. delivered robust results in its first quarter of fiscal 2025, displaying noteworthy growth across its product offerings and geographical regions.The company achieved an 11% increase in total revenue, reaching $766 million, with product revenue growing by 20%.This was primarily driven by strong performances in both software and systems revenue, which grew by 22% and 18% respectively.

F5 Inc.: Dealing With Complexity Management Challenge in Hybrid Environments & Other Risks! - Major Drivers

<ul><li>F5, Inc. reported its fourth-quarter and fiscal year 2024 financial results, demonstrating notable performance metrics in a challenging macroeconomic context.</li><li>The company posted record fourth-quarter revenues of $747 million, marking a 6% increase year-over-year, which exceeded the high end of its guidance range.</li><li>This growth is largely attributed to a strong performance in software, with software revenue growth reported at 19%.</li></ul>

F5, Inc. reported its fourth-quarter and fiscal year 2024 financial results, demonstrating notable performance metrics in a challenging macroeconomic context.The company posted record fourth-quarter revenues of $747 million, marking a 6% increase year-over-year, which exceeded the high end of its guidance range.This growth is largely attributed to a strong performance in software, with software revenue growth reported at 19%.

F5 Networks: An Insight Into Its Expansion in Hybrid & Multicloud Customer Base & Other Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Existing infrastructure makes it costly and time-consuming to switch to a competitor in hybrid-cloud environments</li><li>F5's unique ability to provide consistent policies and support across multiple applications and environments sets them apart in the market</li><li>F5 is positioned for strong revenue growth as organizations rely on their solutions for efficient and secure application delivery</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Existing infrastructure makes it costly and time-consuming to switch to a competitor in hybrid-cloud environmentsF5's unique ability to provide consistent policies and support across multiple applications and environments sets them apart in the marketF5 is positioned for strong revenue growth as organizations rely on their solutions for efficient and secure application deliveryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/trend-micro-inc" target="_blank" rel="noopener">Trend Micro Inc. (4704 JP)</a> shares have hit their daily trade limit, following a <a href="https://finance.yahoo.com/news/exclusive-buyout-firms-vie-cybersecurity-003204122.html" target="_blank" rel="noopener">Reuters report</a> that Bain, Advent, KKR, and EQT AB are potential bidders. </li>
<li>The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. In 4Q2024, cybersecurity M&amp;A reached the highest quarterly volume in the past three years.</li>
<li>The valuation is undemanding. If it trades in line with its median peers’ CY2024 EV/Sales and EV/EBITDA multiple, it implies JPY11,500-15,000, a 6%- 38% premium to the current price. </li>
</ul>



Trend Micro Inc. (4704 JP) shares have hit their daily trade limit, following a Reuters report that Bain, Advent, KKR, and EQT AB are potential bidders. 
The lack of a controlling shareholder and increased cybersecurity M&amp;A activity support the buyout interest. In 4Q2024, cybersecurity M&amp;A reached the highest quarterly volume in the past three years.
The valuation is undemanding. If it trades in line with its median peers’ CY2024 EV/Sales and EV/EBITDA multiple, it implies JPY11,500-15,000, a 6%- 38% premium to the current price. 


Trend Micro (4704 JP): Rumoured Buyout Interest Starting to Take Shape

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.

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F5 Networks Inc (FFIV US)

F5 Inc.: Dealing With Complexity Management Challenge in Hybrid Environments & Other Risks! - Major Drivers

F5, Inc. delivered robust results in its first quarter of fiscal 2025, displaying noteworthy growth across its product offerings and geographical...

Baptista Research

F5 Networks: An Insight Into Its Expansion in Hybrid & Multicloud Customer Base & Other Major Drivers

F5, Inc. reported its fourth-quarter and fiscal year 2024 financial results, demonstrating notable performance metrics in a challenging...

Baptista Research

F5 Inc (FFIV) - Thursday, May 30, 2024

F5 is positioned for strong revenue growth as organizations rely on their solutions for efficient and secure application delivery

Value Investors Club

Trend Micro (4704 JP): Rumoured Buyout Interest Starting to Take Shape

The valuation is undemanding. If it trades in line with its median peers’ CY2024 EV/Sales and EV/EBITDA multiple, it implies JPY11,500-15,000, a 6%...

Arun George

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52-week Range

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F5 Networks Bets Big on AI & Cybersecurity—Can Its New AI Gateway Expand Its Market Share?

F5 Inc. reported robust financial performance for the second quarter of fiscal year 2025, highlighted by 7% total revenue growth...

Baptista Research

F5 Inc.: Dealing With Complexity Management Challenge in Hybrid Environments & Other Risks! - Major Drivers

F5, Inc. delivered robust results in its first quarter of fiscal 2025, displaying noteworthy growth across its product offerings and geographical...

Baptista Research

F5 Networks: An Insight Into Its Expansion in Hybrid & Multicloud Customer Base & Other Major Drivers

F5, Inc. reported its fourth-quarter and fiscal year 2024 financial results, demonstrating notable performance metrics in a challenging...

Baptista Research

F5 Inc (FFIV) - Thursday, May 30, 2024

F5 is positioned for strong revenue growth as organizations rely on their solutions for efficient and secure application delivery

Value Investors Club

Trend Micro (4704 JP): Rumoured Buyout Interest Starting to Take Shape

The valuation is undemanding. If it trades in line with its median peers’ CY2024 EV/Sales and EV/EBITDA multiple, it implies JPY11,500-15,000, a 6%...

Arun George