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 two financial conferences. The Piper Sandler Growth Frontiers Conference presentation is scheduled for September 13, 2022, at 12:00 p.m. ET, accessible via the Investor Relations section of F5's website. The Goldman Sachs Communacopia + Technology Conference will follow on September 15, 2022, at 1:45 p.m. ET. Webcasts of both events will be available live and archived on F5’s Investor Relations page.
F5 has been recognized as an Overall Leader in the 2022 KuppingerCole Leadership Compass report for Web Application Firewalls (WAFs). The report evaluates WAF vendors on criteria such as Security, Functionality, and Usability. F5's WAF solutions excel in app-layer DoS protection and provide advanced capabilities through its Advanced WAF and Distributed Cloud WAAP. The company continues to enhance its position in the market, focusing on bot management and API protection.
F5 has announced the release of the book “Enterprise Architecture for Digital Business: Transforming IT”, aimed at guiding organizations in their digital transformation journey. The book emphasizes the urgent need to update enterprise architecture to support agility, security, and scalability in a digital-first world. Key chapters address essential changes needed in enterprise architecture, the integration of cloud technologies, application delivery, data management, and security governance. A free digital copy is now available, with print editions set for release in September 2022.
F5, Inc. (NASDAQ: FFIV) reported Q3 fiscal 2022 revenue of $674 million, a 4% increase from the previous year. Product revenue rose by 5%, driven by a 38% growth in software revenue. However, systems revenue fell 18% due to semiconductor shortages. GAAP net income was $83 million ($1.37 per diluted share), down from $90 million ($1.46 per diluted share) last year. Non-GAAP net income also decreased to $155 million ($2.57 per diluted share). Looking ahead, F5 expects Q4 revenue between $680 million and $700 million, and non-GAAP earnings of $2.45 to $2.57 per share.
F5, Inc. (NASDAQ: FFIV) is set to release its third quarter fiscal year 2022 financial results on July 25, 2022, after market close. A live webcast for investors and analysts will be held at 4:30 p.m. ET on the same day. The webcast link and audio access numbers for U.S. and international callers will be provided, with recorded replays available post-event. The company, a significant player in multi-cloud application security and delivery, serves large enterprises and institutions globally.
F5 (NASDAQ: FFIV) enhances its Distributed Cloud Services to bolster security for digital experiences, crucial in daily interactions, entertainment, and shopping. New features include the Distributed Cloud Bot Defense for BIG-IP and Salesforce Commerce Cloud, a Client-Side Defense tool to combat digital supply chain threats, Distributed Cloud DNS for faster and secure DNS services, and Rate Limiting for API Endpoints to prevent API attacks. These advancements aim to empower organizations in complex multi-cloud environments while strengthening security measures.
F5 (NASDAQ: FFIV) has partnered with SoftBank Corp. to enhance Multi-access Edge Computing (MEC) services in Japan and beyond. The collaboration focuses on leveraging F5 Distributed Cloud Services to support SoftBank's 5G MEC deployment initiated in May 2022. This partnership aims to improve application performance and security for various use cases including IoT and smart retail. Benefits of F5's services include rapid deployment, scalability, and operational simplicity, fostering digital transformation for enterprises.
F5, Inc. (NASDAQ: FFIV) will participate in the BofA Securities 2022 Global Technology Conference, with a presentation scheduled for June 9, 2022, at 2:50 p.m. ET. The event will be webcast live and accessible through the Investor Relations section on F5's website. An archived version will also be available afterward. F5 is a leader in multi-cloud application security and delivery, catering to major enterprises, financial institutions, service providers, and governments, enhancing their digital experiences.
F5 announced the launch of F5 NGINX for Microsoft Azure, a new service that simplifies application delivery on Azure. This Azure-native service enables customers to lift and shift applications with ease, leveraging existing NGINX configurations. The offering supports advanced traffic management and integrates with Azure services like Monitor and Key Vault for enhanced security. This move aligns with growing cloud adoption, as highlighted in F5's 2022 report, which showed over 75% of organizations deploying applications in public cloud environments.
F5, Inc. (NASDAQ: FFIV) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. The live webcast of F5's presentation will start at 10:10 a.m. ET and can be accessed through the Investor Relations section of F5's website or direct link. An archived version will also be available post-event on the Investor Relations page.
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