F5 INC Stock Price, News & Analysis

F5 has appointed Kara Sprague as Chief Product Officer, a newly created role aimed at expanding its SaaS offerings. Sprague, who joined F5 in 2017, will oversee the multi-cloud application security and delivery solutions. Her leadership previously catalyzed F5's shift from hardware to software, with its annual security revenue surpassing $1 billion. This strategic move is expected to enhance the security and delivery of applications, providing customers with flexible and efficient solutions amidst the complexities of hybrid and multi-cloud environments.

F5 (NASDAQ: FFIV) has launched the F5 Distributed Cloud App Infrastructure Protection (AIP), a cloud workload protection solution aimed at enhancing application observability and security in cloud-native environments. This new solution, acquiring technology from Threat Stack, addresses challenges posed by complex hybrid infrastructures and vulnerabilities like Log4j. AIP features real-time threat detection, anomaly identification, and supportive managed security services, helping customers secure workloads across various platforms.

F5, Inc. (NASDAQ: FFIV) will participate in the Barclays Global Technology, Media & Telecommunications Conference on December 7, 2022. A fireside chat presentation is scheduled to webcast live at 12:50 p.m. ET. Interested parties can access the live webcast through the Investor Relations section on f5.com. An archived version will also be available post-event on the Investor Relations page.

F5 specializes in multi-cloud application services and security, partnering with leading companies worldwide.

F5 (NASDAQ: FFIV) has integrated its Distributed Cloud Bot Defense with Amazon CloudFront, allowing AWS customers to deploy advanced bot protection easily. This solution employs AI technology to deliver high-efficacy bot mitigation, reducing the financial impact of bot attacks. It prevents various forms of fraud, such as account takeover and credential stuffing, while maintaining user access. Customers like VegNonVeg report significant cost reductions and improved app performance as a result of this deployment.

F5, Inc. (NASDAQ: FFIV) will participate in the 16th Annual Needham Virtual Security, Networking and Communications Conference on November 15, 2022, with a live fireside chat webcast starting at 1:30 p.m. ET. Attendees can access the live presentation through the Investor Relations section of their website. An archived version will be available later on the same page. F5 specializes in multi-cloud application services and security, partnering with top organizations to enhance digital experiences.

F5, Inc. (NASDAQ: FFIV) reported a 4% increase in fiscal year 2022 revenue, totaling $2.7 billion, with a 6% rise in product revenue driven by a 33% growth in software revenue. However, systems revenue fell 13% due to semiconductor shortages. Q4 revenue also grew by 3%, reaching $700 million, but GAAP net income decreased to $89 million from $111 million year-over-year. Looking ahead, F5 projects a revenue growth of 9% to 11% for fiscal year 2023 and expects non-GAAP earnings growth in the low-to-mid teens.

F5, Inc. has appointed Marianne Budnik to its board of directors, effective immediately. With over 25 years of experience in technology, Budnik brings extensive marketing and cybersecurity expertise. She previously served as CMO for Talon Cyber Security and CrowdStrike, enhancing brand strategies and overseeing diversity initiatives. Her addition expands F5's board to 12 members, with a focus on diverse leadership, as 33% of the board identifies as female. This strategic move aims to strengthen F5's cloud-oriented security portfolio and enhance company governance.

F5, Inc. (NASDAQ: FFIV) will announce its fourth quarter and fiscal year 2022 financial results on October 25, 2022, after market close. A live webcast for investors and analysts will occur at 4:30 p.m. ET on the same day. The audio-only version can be accessed through designated phone numbers for U.S. and international callers. Replays of the webcast and call will be available the following day. This announcement marks an important update for shareholders as they await detailed financial performance metrics.