F5 Networks Is Getting an Unexpected Boost
F5 Networks (NASDAQ: FFIV) posted better-than-expected fiscal 2021 first-quarter results last Tuesday, partly thanks to the accelerating trend toward the digitization of enterprises. More surprisingly, the application delivery specialist's legacy hardware business benefited from an unexpected boost that should continue beyond the short term.
Over the last many years, F5 Networks has been selling application delivery controllers (load balancers). Those devices filter and distribute incoming data traffic across the servers that host an organization's applications to optimize performance. But those hardware appliances have become less relevant as enterprises have moved some of their applications and computing infrastructures to the cloud.
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Source Fool.com
