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 (NASDAQ: FFIV) released a report titled “Continuous API Sprawl: Challenges and Opportunities in an API-Driven Economy.” The report highlights the rising number of public and private APIs, estimated to approach 200 million today and potentially reach billions by 2031. API sprawl, characterized by an overwhelming number of APIs leading to operational and security challenges, is becoming a significant issue for enterprises. The report stresses the need for better API governance and suggests solutions such as unified API management to mitigate risks and enhance business performance.
F5 Networks (NASDAQ: FFIV) announced the issuance of 25,838 restricted stock units (RSUs) on November 1, 2021, to 28 employees, following the acquisition of Threat Stack, Inc. on October 1, 2021. The RSUs were granted as inducements and will vest 25% on November 1, 2022, with the remaining 75% vesting quarterly over three years, contingent on continued employment. This equity incentive aligns with NASDAQ Listing Rule 5635(c)(4) and aims to retain talent post-acquisition.
F5 Networks (NASDAQ: FFIV) reported robust financial results for the fiscal year 2021, with GAAP revenue reaching $2.60 billion, an 11% increase from $2.35 billion in 2020. The fourth quarter saw GAAP revenue of $682 million, up 11% year-over-year. Non-GAAP net income for FY2021 was $671 million, or $10.81 per diluted share. The company anticipates Q1 FY2022 revenue between $665 million and $685 million and expects overall FY2022 growth of 8% to 9%, driven by strong demand for software solutions, which now constitute 45% of product revenue.
F5 Networks (NASDAQ: FFIV) will report its fourth quarter and fiscal year 2021 financial results on October 26, 2021, after market close. A live webcast and conference call for investors and analysts will start at 4:30 p.m. ET on the same day. Access to the webcast will be available through the F5 investor relations website. Audio-only options are also provided for attendees. The results will be followed by a Q&A session, allowing stakeholders to engage directly with the company's executives.
F5 (NASDAQ: FFIV) has finalized the acquisition of Threat Stack, enhancing its cloud security and workload protection capabilities. This strategic move aims to improve application and API security, providing customers with enhanced visibility and actionable insights. Haiyan Song, EVP of Security at F5, highlighted the technical talent that Threat Stack brings, which will accelerate F5’s vision for adaptive applications. The acquisition is expected to meet the growing demand for comprehensive application security solutions.
F5 (NASDAQ: FFIV) announces a definitive agreement to acquire Threat Stack for $68 million, aimed at enhancing cloud security capabilities. This acquisition is expected to add approximately $15 million in revenue for fiscal year 2022 without changing F5's operating margin targets. Threat Stack's technology will bolster F5’s application and API protection solutions, offering better visibility and security for customers in a complex digital landscape. The acquisition is anticipated to close in F5's first quarter of fiscal year 2022.
F5 Networks (NASDAQ: FFIV) will participate in the virtual Piper Sandler Global Technology Conference on September 13, 2021, at 5:00 p.m. ET. The event will be accessible via a live webcast on the f5.com Investor Relations section. An archived version will be available post-event. F5 specializes in multi-cloud application security and delivery, catering to major enterprises and institutions worldwide. For more details, visit f5.com or follow @F5 on Twitter.
At the NGINX Sprint 2.0 conference, F5 (NASDAQ: FFIV) revealed significant advancements aimed at supporting customers in digital transformation through open source technologies. Key initiatives include new open source releases, participation in the Kubernetes Ingress project, and a novel interactive experience called Now Arriving. F5 pledged to enhance community engagement, expand open source offerings, and provide commercial versions of NGINX products for better scalability. The company aims to solidify its role in the Kubernetes community and foster innovation through collaborative projects.
F5 Networks (FFIV) reported third-quarter fiscal 2021 results, achieving GAAP revenue of $652 million, a 12% increase from the prior year. Non-GAAP revenue also rose by 11%, driven by 21% product revenue growth and strong software performance at 34%. Net income reached $90 million, or $1.46 per diluted share, up from $70 million, or $1.14 per diluted share, year-over-year. Looking forward, F5 forecasts fourth-quarter revenue between $660 million and $680 million, with non-GAAP earnings projected between $2.68 and $2.80 per diluted share.
F5 Networks (NASDAQ: FFIV) is set to report its third quarter fiscal year 2021 financial results on July 26, 2021, after market close. Following the results, a live webcast and conference call will be held at 4:30 p.m. ET to discuss the performance with investors and analysts. The webcast will be available online, and replays can be accessed via both webcast and phone. This presentation aims to provide insights into F5's financial health and future outlook.