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. (FFIV) reported a strong fiscal Q1 2022, achieving 10% revenue growth at $687 million, up from $625 million a year prior. Non-GAAP software revenue surged 47%, highlighting robust demand for its solutions. Net income reached $94 million, or $1.51 per diluted share. However, the company anticipates supply chain constraints may hinder its ability to meet demand, revising its revenue growth forecast for FY 2022 down to 4.5% to 8% from an earlier estimate of 8% to 9%.
F5, Inc. has appointed James Phillips, President of Microsoft’s Digital Transformation Platform Group, to its board of directors effective January 5, 2022. His extensive expertise in technology and software, coupled with leadership experience, is expected to enhance F5's strategic direction. The board now comprises 11 members, with 10 being independent, highlighting a commitment to diversity and strong governance. Phillips’ insights will support F5’s growth, especially in digital transformation initiatives.
F5, Inc. (NASDAQ: FFIV) is set to announce its first quarter fiscal year 2022 financial results on January 25, 2022, after market close. A live webcast and conference call for discussing these results will commence at 4:30 p.m. ET on the same day. Interested parties can access the event through the investor relations page of F5's website.
F5 (NASDAQ: FFIV) launched new security solutions aimed at combating account takeover (ATO) threats and enhancing customer trust. The offerings unify app security, bot management, and fraud prevention in a single platform, enabling organizations to protect user data and streamline digital experiences. The solutions address sophisticated ATO techniques, including credential stuffing and client-side attacks, while reducing operational complexity. By improving collaboration between security and fraud teams, F5 aims to disrupt cybercrime economics and optimize user experiences, thereby enhancing customer loyalty.
F5, Inc. (NASDAQ: FFIV) announced participation in the Barclays Global Technology, Media and Telecommunications Conference.
The presentation will be live-streamed starting at 3:35 p.m. ET on Wednesday, December 8, 2021. Those interested in attending can access the webcast through the Investor Relations section of f5.com or via a designated link. An archived version will also be available later on F5's Investor Relations page.
F5, Inc. (NASDAQ: FFIV) announced its participation in Credit Suisse’s 25th Annual Technology Conference. The live webcast of F5's presentation is scheduled for 12:40 p.m. ET on Tuesday, November 30, 2021. Interested attendees can access the broadcast through the Investor Relations section of F5's website. An archived version will also be available later on the same page. F5 is recognized for its multi-cloud application security and delivery services.
F5 Networks (NASDAQ: FFIV) will participate in the RBC Capital Markets’ Global Technology, Internet, Media, and Telecom Virtual Conference on November 16, 2021. The live presentation is set to begin at 1:00 p.m. ET and will be accessible through the Investor Relations section on f5.com. An archived version will be available for later viewing. F5 is a leader in multi-cloud application security and delivery, serving various sectors including enterprises and governments.
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.