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We are a network technology company, providing hardware, software, and services to a wide range of network operators and enabling enhanced network capacity, service delivery, and automation. Our solutions support network traffic across a wide range of applications, including cloud, voice, video, data, and artificial intelligence ( AI ).
$602.39
+$18.65 (+3.19%)
Price from 8 days ago
Operating margin is thin at 4.14%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 18.8%, still solid.
At 384x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
383.7x earnings, 118.3x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.12B
▲ +18.8% YoY
Net Income (TTM)
$229M
▲ +46.9% YoY
Op. Margin
5.98%
ROIC
6.10%
▲ +0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$742M
▲ +76.1% YoY
Op. Cash Flow (TTM)
$930M
▲ +56.7% YoY
Net Debt
$289M
Cash & Equiv.
$1.30B
5Y CAGR: +6.2%
5Y CAGR: +10.1%
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