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) reported fiscal Q2 2022 revenue of $634 million, down 2% year-over-year. Software revenue surged 40%, while system revenue fell 27% due to semiconductor shortages. GAAP net income rose to $56 million ($0.92/share), up from $43 million ($0.70/share) a year earlier. However, non-GAAP net income decreased to $131 million ($2.13/share), compared to $155 million ($2.50/share) in Q2 2021. The company revised its FY 2022 revenue growth forecast to 1.5%-4% from 4.5%-8%, citing ongoing supply chain constraints. Q3 revenue is expected between $660-$680 million.
F5 (NASDAQ: FFIV) has released its 2022 State of Application Strategy Report, highlighting the pressing challenges organizations face as they modernize IT infrastructures. The survey of nearly 1,500 IT decision-makers reveals a push towards AI and site reliability engineering (SRE) for better operational insights, with 90% planning AI implementation. However, 95% struggle to extract actionable insights from current systems. A significant trend is the rise of application repatriation, with 67% of organizations moving applications back to data centers, up from 27% the previous year.
F5, Inc. (NASDAQ: FFIV) is set to announce its second quarter fiscal year 2022 financial results on April 26, 2022, after market close. A live webcast and conference call will take place at 4:30 p.m. ET on the same day, aimed at discussing the financial results with investors and analysts. The audio-only version can be accessed by dialing specific numbers for U.S. and international callers. Webcast replays will be available shortly after the event.
For more information, visit the F5 investor relations website.
F5, Inc. (NASDAQ: FFIV) will participate in the Morgan Stanley Global Technology, Media & Telecom Conference on March 9, 2022, with a live webcast starting at 6:00 p.m. ET. Attendees can access the presentation via the Investor Relations section of F5's website or through a provided link. An archived version of the webcast will also be available after the event.
F5 specializes in multi-cloud application security and delivery for large enterprises, financial institutions, and governments.
F5 (NASDAQ: FFIV) has unveiled its new SaaS platform, F5 Distributed Cloud Services, enhancing its application security portfolio. Launched at the Agility conference, this platform addresses complex application security with unified security and multi-cloud networking capabilities. The inaugural solution, F5 Distributed Cloud WAAP, combines advanced web application firewall, bot mitigation, and DDoS protection into a single offering. With 88% of organizations managing both legacy and modern architectures, this solution simplifies security management across diverse environments.
F5, Inc. (FFIV) reported a strong fiscal Q1 2022, achieving 10% revenue growth at $687 million, up from $625 million a year prior. Non-GAAP software revenue surged 47%, highlighting robust demand for its solutions. Net income reached $94 million, or $1.51 per diluted share. However, the company anticipates supply chain constraints may hinder its ability to meet demand, revising its revenue growth forecast for FY 2022 down to 4.5% to 8% from an earlier estimate of 8% to 9%.
F5, Inc. has appointed James Phillips, President of Microsoft’s Digital Transformation Platform Group, to its board of directors effective January 5, 2022. His extensive expertise in technology and software, coupled with leadership experience, is expected to enhance F5's strategic direction. The board now comprises 11 members, with 10 being independent, highlighting a commitment to diversity and strong governance. Phillips’ insights will support F5’s growth, especially in digital transformation initiatives.
F5, Inc. (NASDAQ: FFIV) is set to announce its first quarter fiscal year 2022 financial results on January 25, 2022, after market close. A live webcast and conference call for discussing these results will commence at 4:30 p.m. ET on the same day. Interested parties can access the event through the investor relations page of F5's website.
F5 (NASDAQ: FFIV) launched new security solutions aimed at combating account takeover (ATO) threats and enhancing customer trust. The offerings unify app security, bot management, and fraud prevention in a single platform, enabling organizations to protect user data and streamline digital experiences. The solutions address sophisticated ATO techniques, including credential stuffing and client-side attacks, while reducing operational complexity. By improving collaboration between security and fraud teams, F5 aims to disrupt cybercrime economics and optimize user experiences, thereby enhancing customer loyalty.
F5, Inc. (NASDAQ: FFIV) announced participation in the Barclays Global Technology, Media and Telecommunications Conference.
The presentation will be live-streamed starting at 3:35 p.m. ET on Wednesday, December 8, 2021. Those interested in attending can access the webcast through the Investor Relations section of f5.com or via a designated link. An archived version will also be available later on F5's Investor Relations page.
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