F5 INC Stock Price, News & Analysis

F5 Networks (NASDAQ: FFIV) announced the acquisition of Volterra for $440 million in cash and $60 million in deferred compensation. This move aims to enhance F5's application security and delivery capabilities with Volterra's edge computing technology. F5 has raised its revenue outlook for fiscal years 2021 and 2022, projecting a CAGR of 7-8%, up from 6-7%. The first quarter fiscal year 2021 revenue is expected to be between $623-$626 million, with strong software revenue growth of approximately 68%. The deal is anticipated to close in Q1 2021, pending regulatory approval.

F5 Networks (NASDAQ: FFIV) announces the appointment of Haiyan Song as Executive Vice President of Security, effective January 4, 2021. Song joins from Splunk, where she significantly grew the Security business from $100 million to over $1 billion. F5's security revenues exceed $750 million, positioning them as the second-largest player in global application security. The company anticipates a growth in their addressable market from $8 billion to $15 billion by 2023. Song's expertise in cybersecurity and SaaS is expected to drive F5's future growth.

F5 Networks (NASDAQ: FFIV) has announced its participation in two upcoming virtual financial conferences. The first is the Credit Suisse 24th Annual Technology Conference on December 2, 2020, at 2:40 p.m. ET, which will be available for live streaming on F5's Investor Relations page. The second event is the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 2:00 p.m. ET, also accessible via the Investor Relations page. Archived webcasts will be provided post-event.

F5 (NASDAQ: FFIV) announced the launch of BIG-IP Service Proxy for Kubernetes and Carrier-Grade Aspen Mesh, two solutions designed to support cloud-native 5G standalone core networks. These offerings enhance performance, visibility, and security, enabling service providers to deliver new 5G services effectively while managing costs. The solutions facilitate a smooth transition from 4G to 5G, ensuring existing services can coexist. Currently being tested with tier-one providers, BIG-IP SPK is expected to be available by the end of 2020, and Aspen Mesh is available now.

F5 (NASDAQ: FFIV) has become a Corporate Partner of the 5G Open Innovation Lab (5GOILab), enhancing its role in the development of 5G infrastructure and security solutions. This partnership allows F5 to leverage its expertise in telco network traffic management to support startups in creating and deploying 5G applications. The Lab's program includes 15 to 20 companies per cycle, focusing on diverse technologies such as AI and IoT. The global cloud computing market is projected to grow from USD 252.70 billion in 2019 to USD 718.07 billion by 2027, indicating a significant opportunity for F5's involvement.

F5 Networks (NASDAQ: FFIV) announced an upcoming Analyst and Investor Meeting on November 18, showcasing its strategic transformation and updated financial targets. The company aims to drive growth through software and cloud services, anticipating a CAGR of 6%-7% in total revenue and 35%-40% in software revenue for fiscal years 2021-2022. Notable highlights include a commitment to return $1 billion in capital over two years, a projected non-GAAP EPS growth, and successful integration of acquisitions. CEO François Locoh-Donou emphasized strong market positioning and operating margin expansion.

F5 Networks (NASDAQ: FFIV) reported fiscal year 2020 results, achieving a GAAP revenue of $2.35 billion, marking a 5% increase from $2.24 billion in 2019. Non-GAAP revenue also grew 5% to $2.36 billion, with software revenue surging 52%. Q4 results showed GAAP revenue of $615 million, up 4%, with non-GAAP revenue at $617 million. However, GAAP net income for FY 2020 was $307 million ($5.01/share), down from $428 million ($7.08/share) in 2019. Looking ahead, F5 forecasts Q1 2021 revenue between $595 million and $615 million.

F5 Networks, Inc. (NASDAQ: FFIV) will release its fourth quarter and fiscal year 2020 financial results on October 26, 2020, after market close. A conference call and webcast to discuss the results will start at 4:30 p.m. ET. Additionally, it will hold a virtual Analyst and Investor Meeting on November 18, 2020, from 1:00 to 4:00 p.m. ET. Access details for both events are provided in the announcement.

F5 (NASDAQ: FFIV) has launched the Shape AI Fraud Engine (SAFE), a new SaaS solution aimed at eliminating fraudulent online transactions. Utilizing advanced AI technology, SAFE assesses transactions by evaluating various signals to identify user intent and block fraudsters before fraud occurs. Unlike traditional methods that rely on static rules, SAFE reduces friction for legitimate users and enhances the efficiency of fraud teams. Businesses are projected to lose over $48 billion annually to online fraud by 2023, making this product timely in addressing these growing challenges.