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 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.
F5 (NASDAQ: FFIV) enhances its Distributed Cloud Services to bolster security for digital experiences, crucial in daily interactions, entertainment, and shopping. New features include the Distributed Cloud Bot Defense for BIG-IP and Salesforce Commerce Cloud, a Client-Side Defense tool to combat digital supply chain threats, Distributed Cloud DNS for faster and secure DNS services, and Rate Limiting for API Endpoints to prevent API attacks. These advancements aim to empower organizations in complex multi-cloud environments while strengthening security measures.
F5 (NASDAQ: FFIV) has partnered with SoftBank Corp. to enhance Multi-access Edge Computing (MEC) services in Japan and beyond. The collaboration focuses on leveraging F5 Distributed Cloud Services to support SoftBank's 5G MEC deployment initiated in May 2022. This partnership aims to improve application performance and security for various use cases including IoT and smart retail. Benefits of F5's services include rapid deployment, scalability, and operational simplicity, fostering digital transformation for enterprises.
F5, Inc. (NASDAQ: FFIV) will participate in the BofA Securities 2022 Global Technology Conference, with a presentation scheduled for June 9, 2022, at 2:50 p.m. ET. The event will be webcast live and accessible through the Investor Relations section on F5's website. An archived version will also be available afterward. F5 is a leader in multi-cloud application security and delivery, catering to major enterprises, financial institutions, service providers, and governments, enhancing their digital experiences.
F5 announced the launch of F5 NGINX for Microsoft Azure, a new service that simplifies application delivery on Azure. This Azure-native service enables customers to lift and shift applications with ease, leveraging existing NGINX configurations. The offering supports advanced traffic management and integrates with Azure services like Monitor and Key Vault for enhanced security. This move aligns with growing cloud adoption, as highlighted in F5's 2022 report, which showed over 75% of organizations deploying applications in public cloud environments.
F5, Inc. (NASDAQ: FFIV) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. The live webcast of F5's presentation will start at 10:10 a.m. ET and can be accessed through the Investor Relations section of F5's website or direct link. An archived version will also be available post-event on the Investor Relations page.
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.