Cloud-Solutions Provider F5 Stock Hits Record High on Increased Demand

Key TakeawaysF5 beat profit and sales estimates and boosted its outlook as the cloud-services provider benefited from increased demand.CEO François Locoh-Donou pointed to the firm's "alignment with significant secular trends" and more stable spending on IT for the gains.The news sent shares to an all-time high. Shares of F5 (FFIV) traded at an all-time high Wednesday, a day after the cloud-solutions provider posted record results and strong guidance on increasing market demand. The company reported fiscal 2 ...