F5 INC Stock Price, News & Analysis

F5 Networks, Inc. (NASDAQ: FFIV) announced its participation in Goldman Sachs’ Technology and Internet Conference, scheduled for February 10, 2021, at 4:30 p.m. ET. The event will be held virtually and will be webcast live, accessible through F5's Investor Relations section. An archived version will be available for later viewing.

F5 Networks (NASDAQ: FFIV) issued 122,056 restricted stock units (RSUs) to 71 employees following its acquisition of Volterra Inc., which was finalized on January 22, 2021. The RSUs serve as employment incentives and will vest over four years, concluding on February 1, 2025, with individual vesting rates determined by each employee's continued association with F5. This grant complies with NASDAQ Listing Rule 5635(c)(4) and falls under the F5 Volterra Acquisition Equity Incentive Plan.

F5 Networks announced Q1 fiscal 2021 results, with GAAP revenue reaching $625 million, a 10% increase from $569 million in Q1 fiscal 2020. Software revenue surged 70%, driving overall growth, while GAAP net income was $88 million or $1.41 per diluted share, down from $99 million or $1.62 last year. Non-GAAP net income was $161 million, up from $155 million. For Q2 2021, revenue is projected between $625 million and $645 million, with non-GAAP earnings anticipated between $2.32 and $2.44 per share.

F5 Networks (NASDAQ: FFIV) has successfully acquired Volterra, a universal edge-as-a-service platform, enhancing its position in application security and delivery. This acquisition promotes the development of an enterprise-focused, security-first, and app-driven edge platform. Volterra's multi-cloud technology has already attracted over fifty enterprise customers, including major telcos. With this strategic move, F5 aims to address current edge solution challenges and deliver unparalleled scale and security to enterprises globally.

F5 Networks, Inc. (NASDAQ: FFIV) will announce its first-quarter fiscal year 2021 financial results on January 26, 2021, after market close. Following the announcement, a live webcast and conference call for investors and analysts will take place at 4:30 p.m. ET. The financial results and discussions will be accessible via the investor relations section of F5's website. Replays of the webcast will be available from January 26 to January 27, 2021, through both the website and a designated phone line.

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.