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, Inc. (NASDAQ: FFIV) will participate in the Morgan Stanley Technology, Media and Telecom Conference with a live webcast scheduled for 2:00 p.m. ET on March 8, 2023. Interested participants can access this presentation via the Investor Relations section of f5.com. An archived version will also be available on the company's Investor Relations page afterwards. F5 focuses on securing and optimizing applications and APIs across multi-cloud environments, enhancing the digital experience for its clients. For further updates, follow F5 on Twitter, LinkedIn, and Facebook.
F5 (NASDAQ: FFIV) announces the general availability of F5 NGINXaaS for Azure, developed with Microsoft, facilitating secure, high-performance application deployment in the cloud.
This solution offers features including end-to-end security, advanced traffic management, and simplified migration for application developers. Released in May 2022, the generally available version adds capabilities like content caching, rate limiting, and enhanced regional availability. It operates on a flexible consumption model, allowing customers to manage costs effectively.
F5, Inc. (NASDAQ: FFIV) reported a 2% revenue increase to $700 million for Q1 FY 2023. Despite a 1% decline in product revenue, global services revenue rose by 5%. GAAP net income was $72 million ($1.20 per share), down from $94 million ($1.51 per share) in Q1 FY 2022. Non-GAAP net income also decreased to $149 million ($2.47 per share) from $179 million ($2.89 per share). F5 projects 9% to 11% revenue growth for FY 2023 and anticipates Q2 revenue between $690 million and $710 million with non-GAAP earnings of $2.36 to $2.48 per share. F5 also announced plans to acquire Lilac Cloud, Inc. to enhance its service offerings.
F5, Inc. (NASDAQ: FFIV) will report its first quarter fiscal year 2023 financial results on January 24, 2023, after market close. A live webcast for investors and analysts will follow at 4:30 p.m. ET. The webcast will be accessible through F5's investor relations page, with options for audio-only access for attendees. Replays of the webcast will be available post-event. F5 specializes in multi-cloud application services and security, focusing on delivering enhanced security and optimization for applications and APIs.
F5 has appointed Kara Sprague as Chief Product Officer, a newly created role aimed at expanding its SaaS offerings. Sprague, who joined F5 in 2017, will oversee the multi-cloud application security and delivery solutions. Her leadership previously catalyzed F5's shift from hardware to software, with its annual security revenue surpassing
F5 (NASDAQ: FFIV) has launched the F5 Distributed Cloud App Infrastructure Protection (AIP), a cloud workload protection solution aimed at enhancing application observability and security in cloud-native environments. This new solution, acquiring technology from Threat Stack, addresses challenges posed by complex hybrid infrastructures and vulnerabilities like Log4j. AIP features real-time threat detection, anomaly identification, and supportive managed security services, helping customers secure workloads across various platforms.
F5, Inc. (NASDAQ: FFIV) will participate in the Barclays Global Technology, Media & Telecommunications Conference on December 7, 2022. A fireside chat presentation is scheduled to webcast live at 12:50 p.m. ET. Interested parties can access the live webcast through the Investor Relations section on f5.com. An archived version will also be available post-event on the Investor Relations page.
F5 specializes in multi-cloud application services and security, partnering with leading companies worldwide.
F5 (NASDAQ: FFIV) has integrated its Distributed Cloud Bot Defense with Amazon CloudFront, allowing AWS customers to deploy advanced bot protection easily. This solution employs AI technology to deliver high-efficacy bot mitigation, reducing the financial impact of bot attacks. It prevents various forms of fraud, such as account takeover and credential stuffing, while maintaining user access. Customers like VegNonVeg report significant cost reductions and improved app performance as a result of this deployment.
F5, Inc. (NASDAQ: FFIV) will participate in the 16th Annual Needham Virtual Security, Networking and Communications Conference on November 15, 2022, with a live fireside chat webcast starting at 1:30 p.m. ET. Attendees can access the live presentation through the Investor Relations section of their website. An archived version will be available later on the same page. F5 specializes in multi-cloud application services and security, partnering with top organizations to enhance digital experiences.
F5, Inc. (NASDAQ: FFIV) reported a 4% increase in fiscal year 2022 revenue, totaling $2.7 billion, with a 6% rise in product revenue driven by a 33% growth in software revenue. However, systems revenue fell 13% due to semiconductor shortages. Q4 revenue also grew by 3%, reaching $700 million, but GAAP net income decreased to $89 million from $111 million year-over-year. Looking ahead, F5 projects a revenue growth of 9% to 11% for fiscal year 2023 and expects non-GAAP earnings growth in the low-to-mid teens.
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