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 Networks (NASDAQ: FFIV) reported Q2 fiscal 2021 results, achieving GAAP revenue of $645 million, an 11% increase from last year. Non-GAAP revenue grew 10%, driven by an 18% rise in product revenue. Net income was $43 million, down from $61 million in Q2 2020, while non-GAAP net income rose to $155 million. For Q3, F5 anticipates revenue between $620 million and $650 million. CEO François Locoh-Donou noted increased demand for application security due to heightened digital transformation. Forward-looking statements highlight potential risks and uncertainties.
F5 (NASDAQ: FFIV) announced enhancements to its application security portfolio during the Agility event, emphasizing a robust approach to safeguarding digital experiences. The new offerings improve multi-cloud application security and integrate bot mitigation and anti-fraud capabilities. Key solutions include Device ID, Shape Recognize, and the Shape AI Fraud Engine, leveraging AI to enhance user experience while protecting against fraud. This expansion follows F5's acquisition of Shape Security, illustrating the company's commitment to advancing its SaaS application security offerings.
F5 Networks (NASDAQ: FFIV) will report its Q2 fiscal year 2021 financial results on April 27, 2021, post-market close. A live webcast and conference call for investors and analysts will start at 4:30 p.m. ET on the same day. Interested parties can access the webcast via the investor relations section of F5's website, and a replay will be available through both webcast and phone until April 28, 2021. F5 provides multi-cloud application security and delivery solutions to major global enterprises and other organizations.
F5 (NASDAQ: FFIV) has made key executive appointments to enhance its focus on customer success and cybersecurity. Yvette Smith joins as Senior Vice President of Customer Success and Business Transformation, previously managing Microsoft’s $60B+ Commercial Cloud customer success programs. Gail Coury, promoted to Senior Vice President and CISO, will lead the expansion of F5’s cybersecurity initiatives. Both executives will report to Tom Fountain, aiming to improve customer experiences and strengthen F5’s position in the cybersecurity market.
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F5 Networks (NASDAQ: FFIV) will participate in Morgan Stanley's Technology, Media and Telecom Conference on March 2, 2021, at 3:30 p.m. ET, through a live webcast. Interested parties can access the presentation via the Investor Relations section of f5.com. An archived version will also be available for later viewing.
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.