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 fiscal year 2020 results, achieving a GAAP revenue of $2.35 billion, marking a 5% increase from $2.24 billion in 2019. Non-GAAP revenue also grew 5% to $2.36 billion, with software revenue surging 52%. Q4 results showed GAAP revenue of $615 million, up 4%, with non-GAAP revenue at $617 million. However, GAAP net income for FY 2020 was $307 million ($5.01/share), down from $428 million ($7.08/share) in 2019. Looking ahead, F5 forecasts Q1 2021 revenue between $595 million and $615 million.
F5 Networks, Inc. (NASDAQ: FFIV) will release its fourth quarter and fiscal year 2020 financial results on October 26, 2020, after market close. A conference call and webcast to discuss the results will start at 4:30 p.m. ET. Additionally, it will hold a virtual Analyst and Investor Meeting on November 18, 2020, from 1:00 to 4:00 p.m. ET. Access details for both events are provided in the announcement.
F5 (NASDAQ: FFIV) has launched the Shape AI Fraud Engine (SAFE), a new SaaS solution aimed at eliminating fraudulent online transactions. Utilizing advanced AI technology, SAFE assesses transactions by evaluating various signals to identify user intent and block fraudsters before fraud occurs. Unlike traditional methods that rely on static rules, SAFE reduces friction for legitimate users and enhances the efficiency of fraud teams. Businesses are projected to lose over $48 billion annually to online fraud by 2023, making this product timely in addressing these growing challenges.