NetApp and F5 Expand Partnership to Strengthen AI Data and PQC Security

Core Insights - NetApp, Inc. and F5 have expanded their collaboration to provide high-performance AI data solutions, focusing on preparing enterprises for the post-quantum cryptography era [1][9] - The joint solution enhances throughput for AI datasets through advanced load balancing and real-time analytics, ensuring secure AI/ML workflows [2][9] - The partnership integrates NetApp's StorageGRID with F5's technologies to support quantum-safe encryption and hybrid cryptography [4][9] Collaboration and Technology Integration - The collaboration aims to mitigate risks posed by quantum computing, with F5's BIG-IP technology supporting quantum-resistant algorithms [4] - The integration of NetApp's intelligent data infrastructure with F5's Application Delivery and Security Platform enhances data delivery security and scalability [1][3] - The adoption of TLS 1.3 is prioritized for improved performance and security in data communications [4][5] Financial Outlook - For the third quarter, NetApp anticipates revenues between $1.615 billion and $1.765 billion, with a non-GAAP gross margin of 72.3% to 73.3% [7] - Non-GAAP operating margin is expected to be between 30.5% and 31.5%, with projected non-GAAP EPS ranging from $2.01 to $2.11 [7] Market Position - NetApp currently holds a Zacks Rank of 3 (Hold), with its shares increasing by 17.1% over the past six months, compared to the industry growth of 83.3% [8]