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.
F5 Networks (FFIV) reported third-quarter fiscal 2021 results, achieving GAAP revenue of $652 million, a 12% increase from the prior year. Non-GAAP revenue also rose by 11%, driven by 21% product revenue growth and strong software performance at 34%. Net income reached $90 million, or $1.46 per diluted share, up from $70 million, or $1.14 per diluted share, year-over-year. Looking forward, F5 forecasts fourth-quarter revenue between $660 million and $680 million, with non-GAAP earnings projected between $2.68 and $2.80 per diluted share.
F5 Networks (NASDAQ: FFIV) is set to report its third quarter fiscal year 2021 financial results on July 26, 2021, after market close. Following the results, a live webcast and conference call will be held at 4:30 p.m. ET to discuss the performance with investors and analysts. The webcast will be available online, and replays can be accessed via both webcast and phone. This presentation aims to provide insights into F5's financial health and future outlook.
F5 Networks (NASDAQ: FFIV) has appointed Michael Montoya, Chief Information Security Officer at Equinix, to its board of directors. Montoya brings extensive expertise in cybersecurity, risk governance, and data privacy, enhancing F5’s leadership in application security. Previously, he held key security roles at Digital Realty and Microsoft. Montoya's addition expands F5's board to ten members, with nine being independent and seven diverse, aligning with the company’s commitment to transformative leadership.
F5 Networks (NASDAQ: FFIV) will present at the Bank of America 2021 Global Technology Conference on June 8, 2021, at 1:45 p.m. ET. The event will be held virtually and will include a live webcast accessible through F5's Investor Relations section. An archived version will also be available on their Investor Relations page. F5 focuses on multi-cloud application security and delivery.
F5 Networks (NASDAQ: FFIV) has announced its participation in the J.P. Morgan Global Technology, Media and Communications Conference, scheduled for May 26, 2021, at 3:40 p.m. ET. The event will be conducted virtually, and the live presentation will be accessible via the Investor Relations section of f5.com. An archived version will be available post-event.
F5 Networks (NASDAQ: FFIV) reported Q2 fiscal 2021 results, achieving GAAP revenue of $645 million, an 11% increase from last year. Non-GAAP revenue grew 10%, driven by an 18% rise in product revenue. Net income was $43 million, down from $61 million in Q2 2020, while non-GAAP net income rose to $155 million. For Q3, F5 anticipates revenue between $620 million and $650 million. CEO François Locoh-Donou noted increased demand for application security due to heightened digital transformation. Forward-looking statements highlight potential risks and uncertainties.
F5 (NASDAQ: FFIV) announced enhancements to its application security portfolio during the Agility event, emphasizing a robust approach to safeguarding digital experiences. The new offerings improve multi-cloud application security and integrate bot mitigation and anti-fraud capabilities. Key solutions include Device ID, Shape Recognize, and the Shape AI Fraud Engine, leveraging AI to enhance user experience while protecting against fraud. This expansion follows F5's acquisition of Shape Security, illustrating the company's commitment to advancing its SaaS application security offerings.
F5 Networks (NASDAQ: FFIV) will report its Q2 fiscal year 2021 financial results on April 27, 2021, post-market close. A live webcast and conference call for investors and analysts will start at 4:30 p.m. ET on the same day. Interested parties can access the webcast via the investor relations section of F5's website, and a replay will be available through both webcast and phone until April 28, 2021. F5 provides multi-cloud application security and delivery solutions to major global enterprises and other organizations.
F5 (NASDAQ: FFIV) has made key executive appointments to enhance its focus on customer success and cybersecurity. Yvette Smith joins as Senior Vice President of Customer Success and Business Transformation, previously managing Microsoft’s $60B+ Commercial Cloud customer success programs. Gail Coury, promoted to Senior Vice President and CISO, will lead the expansion of F5’s cybersecurity initiatives. Both executives will report to Tom Fountain, aiming to improve customer experiences and strengthen F5’s position in the cybersecurity market.
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