F5 INC Stock Price, News & Analysis

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 $1 billion. This strategic move is expected to enhance the security and delivery of applications, providing customers with flexible and efficient solutions amidst the complexities of hybrid and multi-cloud environments.

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.