Welcome to our dedicated page for F5 news (Ticker: FFIV), a resource for investors and traders seeking the latest updates and insights on F5 stock.
F5, Inc. (NASDAQ: FFIV) is a leading American technology company headquartered in Seattle, Washington. Established in 1996, F5 specializes in a range of services centered around application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, network security, and access & authorization. Initially known for its application delivery controller (ADC) technology, F5 has expanded its portfolio to include application layer solutions, automation, and security services.
As cyber threats like ransomware, data leaks, and DDoS attacks continue to escalate, F5 has continually evolved to address these challenges. The company serves a diverse clientele across three primary verticals: enterprises, service providers, and government entities. Notably, F5 is recognized as a market leader in the application delivery controller market, offering products that enhance security, application performance, and automation.
F5’s revenue is evenly split between its services and products business, although there is a growing trend toward product revenue due to increased software adoption. The company generates approximately 55% of its revenue from the Americas, 25% from EMEA, and 20% from the APAC and Japan regions. With a workforce of around 6,500 employees, F5 continues to drive innovation and growth.
Recent achievements highlight F5’s commitment to innovation and collaboration. For instance, F5 has partnered with Marvell Technology, Inc., and Arm to develop the first real-world use case example built on the Open Programmable Infrastructure (OPI) framework. This collaboration aims to enhance key infrastructure management services such as security, load balancing, and API gateways. This partnership underscores F5's role in pioneering solutions that improve web application security, performance, and reliability.
Moreover, F5 has also teamed up with Prompt Security to deliver a firewall for AI applications on F5 Distributed Cloud Services. This joint venture addresses the rising need to secure applications powered by Generative AI (GenAI), providing robust protection against new attack surfaces introduced by AI technologies.
F5’s continued efforts in securing digital experiences are vital as organizations increasingly adopt AI and multi-cloud environments. The company’s strategic collaborations and innovative solutions position it as a crucial player in the technology sector, committed to enabling secure, reliable, and optimized app and API experiences for its customers.
MinIO and F5 (FFIV) announced a strategic partnership combining MinIO's high-performance object storage with F5's traffic management and security technologies to enhance AI workloads. MinIO's AIStor, built for AI/ML workloads, achieves benchmark results exceeding 2.2 TiB/sec for GETs and 1.0 TiB/sec for PUTs on 260 nodes.
F5's BIG-IP, Distributed Cloud Services, and NGINX offerings deliver layer 4/7 throughput of 3+ Tbps on 32 blades of F5 VELOS. The partnership focuses on optimizing data flow, security, and seamless hybrid/multicloud networking for large-scale AI deployments. A real-world implementation showcases a global manufacturing company utilizing the combined solution for efficient data collection and AI model training.
F5 (NASDAQ: FFIV) has announced its participation in two major financial conferences in December 2024. The company will present at the Raymond James 2024 TMT & Consumer Conference on Tuesday, December 10, with a live webcast starting at 1:40 p.m. ET. The following day, F5 will participate in the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, with a presentation scheduled for 6:05 p.m. ET.
Both presentations will be accessible through live webcasts via F5's Investor Relations section on f5.com or through direct links. Archived versions of the webcasts will be made available through F5's Events & Presentations tab.
F5 (NASDAQ: FFIV) has appointed John Maddison as Chief Product Marketing and Technology Alliances Officer, reporting to CEO François Locoh-Donou. Maddison will lead a new organization focused on enhancing F5's market impact and brand promise through products and partnerships. He brings over 30 years of experience in cybersecurity and telecommunications, previously serving as CMO and EVP of Product Strategy at Fortinet, and holding executive positions at Trend Micro in Advanced Threat Research and Cloud Delivered Security Services.
F5 (NASDAQ: FFIV) has announced its participation in two upcoming financial conferences. The company will present at the Needham & Company Virtual Tech Week on Tuesday, November 19, 2024, at 10:15 a.m. ET, and at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on Wednesday, November 20, 2024, at 10:40 a.m. ET. Both presentations will be available via live webcast through F5's Investor Relations section on their website. Archived versions of the webcasts will also be accessible through F5's Events & Presentations tab.
F5 has announced early access to its AI Gateway, a containerized solution designed to streamline interactions between applications, APIs, and large language models (LLMs). The solution addresses key enterprise challenges in AI adoption by optimizing performance, security, and cost management. According to F5's research, 75% of enterprises are implementing AI.
The AI Gateway provides security policy enforcement, semantic caching to reduce operational costs, streamlined integration processes, and optimized load balancing. It can be deployed in any cloud or data center and integrates with F5's NGINX and BIG-IP platforms, offering protection against OWASP Top Ten LLM Application risks and enabling customizable security controls.
F5 (NASDAQ: FFIV) reported strong Q4 FY2024 results with revenue of $747 million, up 6% year-over-year, driven by 19% software revenue growth. For FY2024, total revenue reached $2.82 billion with software revenue growing 11%. The company achieved GAAP EPS of $9.55 for FY2024, up from $6.55 in FY2023, and non-GAAP EPS of $13.37, compared to $11.70 in FY2023. The Board authorized an additional $1 billion for share repurchases. Looking ahead, F5 expects 4-5% revenue growth and 5-7% non-GAAP EPS growth in FY2025.
F5 announces BIG-IP Next for Kubernetes, an AI application delivery and security solution integrated with NVIDIA BlueField-3 DPUs. This solution aims to accelerate and secure data traffic for AI infrastructures, particularly benefiting service providers and large enterprises. The integration optimizes data center efficiency, enhances AI inference performance, and improves infrastructure utilization.
The solution offers streamlined AI service delivery at cloud scale, enhanced control of AI deployments with rich observability, and protection for AI landscapes through automated security features. Available from November, it specifically targets high-demand environments like telco cloud and 5G infrastructures, supporting multiple L7 protocols beyond HTTP.
F5, Inc. (NASDAQ: FFIV) has appointed two new members to its board of directors: Maya McReynolds, 53, and Julie Gonzalez, 43, effective October 10, 2024. Both will serve on the Audit Committee. McReynolds, currently CFO of Dell Technologies' Client Solutions Group, brings over 25 years of finance and accounting experience. Gonzalez, SVP of Business Finance at Workday, has more than 15 years of experience in financial planning for software organizations.
The appointments expand F5's board to 12 members, 11 of whom are independent. The board now includes five directors who identify as female and four who identify as racially or ethnically diverse. Alan Higginson, F5's Board Chairperson, emphasized that their expertise in managing large-scale SaaS businesses and driving business transformations will be valuable as F5 extends its software and SaaS capabilities.
F5 (NASDAQ: FFIV) has announced it will report its fourth quarter and fiscal year 2024 financial results on Monday, October 28, 2024 after market close. The company will host a live webcast at 4:30 p.m. ET on the same day to discuss results with investors and analysts.
Interested parties can access the webcast through F5's investor relations website. An audio-only version will be available via phone: +1 (877) 407-0312 for U.S. and Canada callers, or +1 (201) 389-0899 for international callers.
Replays will be accessible through the investor relations website and via phone using meeting ID 13749373. Phone replay numbers are +1 (877) 660-6853 (U.S. and Canada) and +1 (201) 612-7415 (international), available until October 29, 2024.
OVHcloud US and F5 have announced a collaboration to provide advanced multicloud application security. This partnership will give OVHcloud customers access to F5 Distributed Cloud Services, offering infrastructure-agnostic solutions that simplify networking across data centers, clouds, and the edge while ensuring consistent app security policy and enforcement.
The collaboration enables Web App and API Protection (WAAP) and secure multicloud networking for all OVHcloud instances, including bare-metal, hosted private cloud, and public cloud. F5's private global network will allow OVHcloud customers to integrate web application and API protection where apps are deployed, with the option to isolate app security services from the public Internet using lightweight software extensions (Customer Edge).
This partnership aims to address the complex challenges of securely connecting applications and APIs across hybrid multicloud environments, supporting cloud deployments globally without compromising security.
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