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 (NASDAQ: FFIV) is set to take part in the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference. The event will feature a fireside chat presentation by F5, which will be webcast live starting at 3:50 p.m. ET on Monday, May 20, 2024. Interested parties can view the live webcast through the Investor Relations section of F5's website or through a provided link. Additionally, an archived version of the webcast will be available for future viewing on the same platform.
F5 has been recognized as a visionary in API security by Enterprise Management Associates, praising their F5 Distributed Cloud Web App and API Protection (WAAP) for its holistic approach to API and application security. This recognition comes ahead of the RSA Conference in May 2024, where F5's solutions will be showcased.
Portkey.ai partners with F5 to deliver reliable, secure enterprise AI applications. The collaboration integrates Portkey.ai's AI gateway and observability suite with F5 Distributed Cloud Services to revolutionize Large Language Model application deployment, management, and monitoring. Key benefits include intelligent LLM orchestration, high availability & scalability, automated failover, comprehensive observability & insights, and enterprise-grade security.
Prompt Security, a leading AI Security Platform, partners with F5 to deliver a firewall for GenAI applications to address security risks associated with Generative AI. The joint solution aims to protect organizations from new attack surfaces, prevent data leaks, moderate harmful content, and provide governance and visibility. The partnership will help organizations securely adopt GenAI in their applications and improve business productivity.
F5 announced new security solutions to simplify management and enhance protections for customers, addressing the complexity of hybrid and multicloud environments. The company introduced F5 Distributed Cloud Services Web Application Scanning, BIG-IP Next Web Application Firewall, and NGINX App Protect for open source deployments, offering AI-ready app and API security suite. The solutions aim to streamline operations across distributed environments, providing efficient security for modern digital businesses.
F5, Inc. (NASDAQ: FFIV) reported strong earnings growth in Q2 FY2024 with revenue of $681 million and GAAP net income of $119 million. Software revenue grew 20% driven by 28% subscription revenue growth. Non-GAAP gross margin was 82.1% and non-GAAP operating margin was 30.9%. The company raised its fiscal year 2024 earnings outlook, expecting flat to down 2% revenue growth compared to 2023.
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