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. provides application delivery, application security, performance, and automation technologies for enterprises, service providers, and government customers. Company news centers on the F5 Application Delivery and Security Platform, app and API protection, hybrid multicloud deployments, Kubernetes-native security, NGINX offerings, and AI application security for production workloads.
Recurring updates also include technology collaborations with cloud, data security, and open-source platform partners; threat research and security testing frameworks; quarterly earnings releases across products, systems, software, and services; investor events; and board governance changes.
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 An archived version will be available later on the same page.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.
F5, Inc. has appointed Marianne Budnik to its board of directors, effective immediately. With over 25 years of experience in technology, Budnik brings extensive marketing and cybersecurity expertise. She previously served as CMO for Talon Cyber Security and CrowdStrike, enhancing brand strategies and overseeing diversity initiatives. Her addition expands F5's board to 12 members, with a focus on diverse leadership, as 33% of the board identifies as female. This strategic move aims to strengthen F5's cloud-oriented security portfolio and enhance company governance.
F5, Inc. (NASDAQ: FFIV) will announce its fourth quarter and fiscal year 2022 financial results on October 25, 2022, after market close. A live webcast for investors and analysts will occur at 4:30 p.m. ET on the same day. The audio-only version can be accessed through designated phone numbers for U.S. and international callers. Replays of the webcast and call will be available the following day. This announcement marks an important update for shareholders as they await detailed financial performance metrics.
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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.