F5 Networks, Inc. provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud. It offers application delivery controller (ADC) products, including BIG-IP appliances and VIPRION chassis and related software modules and software-only Virtual Editions; Local Traffic Manager and DNS Services; Advanced Firewall Manager and Policy Enforcement Manager that leverage the unique performance characteristics of its hardware and software architecture; Application Security Manager and Access Policy Manager; NGINX Plus and NGINX Controller; Shape Defense and Enterprise Defense; Secure Web Gateway, and Silverline DDoS and Application security offerings; and online fraud and abuse prevention solutions. The company also provides a range of professional services, including consulting, training, installation, maintenance, and other technical support services. F5 Networks, Inc. sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, and systems integrators in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. F5 Networks, Inc. has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was founded in 1996 and is headquartered in Seattle, Washington.
IPO Year: 1999
Exchange: NASDAQ
Website: f5.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/30/2024 | $200.00 → $220.00 | Buy | Needham |
10/26/2023 | $165.00 → $160.00 | Neutral → Underperform | BofA Securities |
4/20/2023 | $166.00 → $140.00 | Overweight → Equal Weight | Barclays |
3/7/2023 | Neutral | Goldman | |
1/24/2023 | Neutral | Guggenheim | |
10/11/2022 | Outperform → In-line | Evercore ISI | |
7/20/2022 | $215.00 → $170.00 | Buy → Neutral | BofA Securities |
7/14/2022 | $225.00 → $167.00 | Outperform → Neutral | Credit Suisse |
7/14/2022 | $178.00 | Overweight → Neutral | JP Morgan |
7/13/2022 | $197.00 → $173.00 | Overweight → Neutral | Piper Sandler |
F5, Inc. (NASDAQ:FFIV) announced it will report its first quarter fiscal year 2025 financial results on Tuesday, January 28, 2025 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on January 28, 2025. The live webcast link can be accessed from the events & presentations page of the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via We
F5, Inc. (NASDAQ:FFIV) today announced financial results for its fourth quarter and fiscal year ended September 30, 2024. "Our fourth quarter revenue of $747 million reflects 6% growth year over year and includes a 19% increase in software revenue from the fourth quarter of fiscal year 2023," said François Locoh-Donou, F5's President and CEO. "In fiscal year 2024, despite a challenging macro backdrop to the start of the year, we achieved revenue at the high end of our guidance, surpassed our software growth expectations, and maintained rigorous operational discipline, culminating in double-digit earnings per share growth for the year." "Our results speak to the power of our portfolio a
F5, Inc. (NASDAQ:FFIV) announced it will report its fourth quarter and fiscal year 2024 financial results on Monday, October 28, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on October 28, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via Webcast: Access via the investor rel
F5, Inc. (NASDAQ:FFIV) today announced financial results for its third quarter ended June 30, 2024. "We delivered third quarter revenue at the top end of our guidance range fueled by software growth and continued growth of our global services offerings," said François Locoh-Donou, F5's President and CEO. "In addition, our continued operating discipline enabled us to deliver earnings per share well above the high end of our guidance." "F5 is proving itself an invaluable partner as large enterprises across the globe modernize their IT infrastructures and drive IT cost savings," said Locoh-Donou. "F5 is optimizing application security, delivery, management, and performance across hybrid, m
F5, Inc. (NASDAQ:FFIV) announced it will report its third quarter fiscal year 2024 financial results on Monday, July 29, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on July 29, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via Webcast: Access via the investor relations p
F5, Inc. (NASDAQ:FFIV) today announced financial results for its second quarter ended March 31, 2024. "We delivered a solid second quarter, with revenue near the midpoint of our guidance range and earnings per share at the high end of our guidance in an environment where customers remain cautious and are forecasting largely flat IT budgets for calendar 2024," said François Locoh-Donou, F5's President and CEO. "During the quarter, our software subscription renewals continued to perform well, driving 20% total software revenue growth compared to a year ago, including 28% subscription revenue growth." "To move at the speed of business today, our customers rely on an ever-increasing number
F5, Inc. (NASDAQ:FFIV) announced it will report its second quarter fiscal year 2024 financial results on Monday, April 29, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on April 29, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via Webcast: Access via the investor relation
F5, Inc. (NASDAQ:FFIV) today announced financial results for its first quarter ended December 31, 2023. "Our team delivered solid first quarter results, including revenue near the high end and earnings per share above the high end of our guidance ranges," said François Locoh-Donou, F5's President and CEO. "As a result of our continued operating discipline we delivered more than 1,000 basis points improvement in GAAP operating margin and more than 900 basis points improvement in non-GAAP operating margin year over year. We also delivered strong earnings growth, with 93% GAAP earnings per share growth and 39% non-GAAP earnings per share growth compared to last year." "Our customers face a
F5, Inc. (NASDAQ:FFIV) announced it will report its first quarter fiscal year 2024 financial results on Monday, January 29, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on January 29, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via Webcast: Access via the investor relat
F5, Inc. (NASDAQ:FFIV) today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. "In our fourth quarter, we delivered 11% software revenue growth, operating margin improvement, and double-digit earnings per share growth," said François Locoh-Donou, F5's President and CEO. "Our focus on operating discipline enabled us to deliver fiscal year 2023 earnings per share in line with the high-end of our beginning of year expectations despite a challenging macroeconomic environment and resulting customer spending caution." Fiscal Year 2023 Performance Summary Fiscal year 2023 revenue grew 4% from the year-ago period, to $2.8 billion, up from $2.7 billio
F5 (NASDAQ:FFIV) today announced the appointment of John Maddison as the company's new Chief Product Marketing and Technology Alliances Officer, reporting to CEO François Locoh-Donou. Maddison will lead a new organization responsible for increasing F5's market impact and delivering on the company's brand promise through its products and partnerships. "For over 25 years, F5's brand has been synonymous with the security and delivery of mission-critical applications for the world's largest organizations," said Locoh-Donou. "John's deep understanding of cybersecurity and cloud, along with his proven track record of driving growth, will be a tremendous asset as we evolve our portfolio to addre
F5, Inc. (NASDAQ:FFIV) today announced the appointment of two new members to its board of directors: Maya McReynolds, 53, and Julie Gonzalez, 43. Both joined F5's board effective October 10, 2024 and will serve on the Audit Committee. Ms. McReynolds currently serves as Chief Financial Officer, Client Solutions Group at Dell Technologies, Inc. where she is responsible for leading financial strategy for the more than $50 billion business. She is a seasoned finance and accounting executive with experience in global audit, treasury, and financial planning and analysis with extensive background in SEC reporting, and policy development. She brings more than 25 years of experience in accounting a
F5, Inc. (NASDAQ:FFIV) today announced the appointment of Lyra Schramm as Executive Vice President and Chief People Officer (CPO) and Kunal Anand as Executive Vice President and Chief Technology Officer (CTO). Schramm and Anand join F5's executive leadership team reporting to President and CEO, François Locoh-Donou. "Lyra and Kunal not only bring business acumen and fresh perspectives that will raise the bar for F5, but they are also humble, generous, and authentic leaders who embody our culture of excellence," said Locoh-Donou. "I look forward to the impact they will have on our business as we continue to power and protect applications used by millions of people around the world." Schr
Appointment highlights F5's commitment to embedding top-tier security into every aspect of its operations and offerings F5 (NASDAQ:FFIV), today announced the appointment of Samir Sherif as Senior Vice President and Chief Information Security Officer (CISO). In this role, Sherif will lead F5's enterprise cybersecurity strategy and security culture, evolve F5's security capabilities and resilience, oversee cybersecurity standards and programs for F5's products and services, and showcase to customers and the broader industry the value of F5's security solutions. As a seasoned CISO and an expert in application security, Sherif's arrival marks a significant addition to F5's leadership team.
SAN MATEO, Calif., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ:FRSH) today announced the appointment of Mika Yamamoto as the company's Chief Customer and Marketing Officer. She will be responsible for leading the company's global marketing and customer experience teams. Yamamoto comes to Freshworks from F5 (NASDAQ:FFIV) where she most recently served as the Executive Vice President and the Chief Marketing and Customer Engagement Officer, and led the company's data, marketing, digital transformation, and customer experience efforts across all products, segments, channels, and geographies. "Mika's combined CMO and CXO roles have given her a unique perspective that has ultimate
F5, Inc. (NASDAQ:FFIV) today announced the appointment of Tami Erwin, to its board of directors. Erwin, 59, is a veteran telecommunications executive with extensive operational experience. Ms. Erwin joined F5's board effective October 31, 2023 and will serve on the Audit & Risk Oversight and the Talent & Compensation Committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231102744345/en/(Photo: Business Wire) "Tami brings significant experience scaling innovation and driving transformation across large complex organizations to the F5 board," said Alan Higginson, chair of the F5, Inc. board. "We expect Tami's perspective as a
F5, Inc. (NASDAQ:FFIV) today announced the appointment of Michel Combes, to its board of directors. Combes, 61, is a proven leader with more than 30 years of experience in the telecommunications and technology industries. Mr. Combes joins F5's board effective September 29, 2023. Combes previously served as a director for F5 from July 2018 to March 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005310612/en/Michel Combes, Executive Vice President, Claure Group (Photo: Business Wire) "We are pleased to welcome Michel back to the F5 board," said Alan Higginson, chair of the F5, Inc. board. "His experience leading some of t
Company to expand SaaS offerings and accelerate its $1 billion security business F5 (NASDAQ:FFIV) today announced the appointment of Kara Sprague to the newly created role of Chief Product Officer. In this role, Sprague will oversee F5's entire portfolio of multi-cloud application security and delivery solutions, with a focus on expanding SaaS offerings on the F5 Distributed Cloud Platform and enabling organizations to streamline application security and delivery operations across their complex application environments. Sprague joined F5 in 2017 to lead the Application Delivery Controller business. In her most recent role, she served as Executive Vice President, Application Delivery and E
F5 Distributed Cloud Services now enables customers to protect both applications and the infrastructure where they run F5 (NASDAQ:FFIV) today announced the launch of F5 Distributed Cloud App Infrastructure Protection (AIP), a cloud workload protection solution that expands application observability and protection to cloud-native infrastructures. Powered by technology acquired with Threat Stack, AIP is the newest addition to the F5 Distributed Cloud Services portfolio of cloud-native SaaS-based application security and delivery services. Organizations of all sizes across industries are in the midst of efforts aimed at simplifying, securing, and innovating application-driven digital experie
F5, Inc. (NASDAQ:FFIV) today announced the appointment of Marianne Budnik to its board of directors. Budnik joins F5's board effective immediately. She is an accomplished leader, with extensive marketing and cybersecurity expertise, as well as more than 25 years' operating experience in the technology sector. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221011005484/en/Marianne Budnik, Chief Marketing Officer, Talon Cyber Security (Photo: Business Wire) "Marianne's leadership in high-growth cybersecurity, networking and application management organizations of scale will add valuable expertise and perspective to our board," said
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F5, Inc. (NASDAQ:FFIV) announced it will report its first quarter fiscal year 2025 financial results on Tuesday, January 28, 2025 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on January 28, 2025. The live webcast link can be accessed from the events & presentations page of the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via We
REDWOOD CITY, Calif., Dec. 17, 2024 /PRNewswire/ -- MinIO, the leader in high-performance, Kubernetes-native object storage, today announced a strategic partnership with F5, the global leader in multicloud application security and delivery. This collaboration unites MinIO's cutting-edge, scalable storage solutions with F5's high-performance traffic management and security technologies to enhance AI workloads, especially at exascale levels. Together, MinIO and F5 will address unique challenges of large-scale AI deployments by providing optimized data flow, robust security, and seamless hybrid and multicloud networking.
F5, Inc. (NASDAQ:FFIV) today announced that it will participate in two upcoming financial conferences: Raymond James 2024 TMT & Consumer Conference – Tuesday, December 10, 2024 F5's presentation will be webcast live beginning at 1:40 p.m. ET. Interested attendees can access the live webcast via the Events & Presentations tab within the Investor Relations section of f5.com or via this link. Barclays 22nd Annual Global Technology Conference – Wednesday, December 11, 2024 F5's presentation will be webcast live beginning at 6:05 p.m. ET. Interested attendees can access the live webcast via the Events & Presentations tab within the Investor Relations section of f5.com or via this link. Arc
F5 (NASDAQ:FFIV) today announced the appointment of John Maddison as the company's new Chief Product Marketing and Technology Alliances Officer, reporting to CEO François Locoh-Donou. Maddison will lead a new organization responsible for increasing F5's market impact and delivering on the company's brand promise through its products and partnerships. "For over 25 years, F5's brand has been synonymous with the security and delivery of mission-critical applications for the world's largest organizations," said Locoh-Donou. "John's deep understanding of cybersecurity and cloud, along with his proven track record of driving growth, will be a tremendous asset as we evolve our portfolio to addre
F5, Inc. (NASDAQ:FFIV) today announced that it will participate in two upcoming financial conferences: Needham & Company Virtual Tech Week – Tuesday, November 19, 2024 F5's presentation will be webcast live beginning at 10:15 a.m. ET. Interested attendees can access the live webcast via the Events & Presentations tab within the Investor Relations section of f5.com or via this link. RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference – Wednesday, November 20, 2024 F5's presentation will be webcast live beginning at 10:40 a.m. ET. Interested attendees can access the live webcast via the Events & Presentations tab within the Investor Relations section o
Manages security for both users and providers of AI services, overseeing authentication and zero trust capabilities Prioritizes the consumption of AI services across teams, applications, and APIs Enables integrated automation with AI services and models from OpenAI, cloud providers, open source, and more F5 (NASDAQ:FFIV) announced early access of F5 AI Gateway to streamline interactions between applications, APIs, and large language models (LLMs) driving enterprise AI adoption. This powerful containerized solution optimizes performance, observability, and protection capabilities—all leading to reduced costs. Integrated with F5's portfolio, AI Gateway gives security and operations
F5, Inc. (NASDAQ:FFIV) today announced financial results for its fourth quarter and fiscal year ended September 30, 2024. "Our fourth quarter revenue of $747 million reflects 6% growth year over year and includes a 19% increase in software revenue from the fourth quarter of fiscal year 2023," said François Locoh-Donou, F5's President and CEO. "In fiscal year 2024, despite a challenging macro backdrop to the start of the year, we achieved revenue at the high end of our guidance, surpassed our software growth expectations, and maintained rigorous operational discipline, culminating in double-digit earnings per share growth for the year." "Our results speak to the power of our portfolio a
F5 BIG-IP Next for Kubernetes, F5's new intelligent proxy, combined with NVIDIA BlueField-3 DPUs, transforms application delivery for AI workloads F5 (NASDAQ:FFIV) today announced the availability of BIG-IP Next for Kubernetes, an innovative AI application delivery and security solution that equips service providers and large enterprises with a centralized control point to accelerate, secure, and streamline data traffic that flows into and out of large-scale AI infrastructures. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023073581/en/ The solution harnesses the power of high-performance NVIDIA BlueField-3 DPUs to enhance t
F5, Inc. (NASDAQ:FFIV) today announced the appointment of two new members to its board of directors: Maya McReynolds, 53, and Julie Gonzalez, 43. Both joined F5's board effective October 10, 2024 and will serve on the Audit Committee. Ms. McReynolds currently serves as Chief Financial Officer, Client Solutions Group at Dell Technologies, Inc. where she is responsible for leading financial strategy for the more than $50 billion business. She is a seasoned finance and accounting executive with experience in global audit, treasury, and financial planning and analysis with extensive background in SEC reporting, and policy development. She brings more than 25 years of experience in accounting a
F5, Inc. (NASDAQ:FFIV) announced it will report its fourth quarter and fiscal year 2024 financial results on Monday, October 28, 2024 following the market close. F5 also will host a live webcast to discuss its results with investors and analysts beginning at 4:30 p.m. ET on October 28, 2024. The live webcast link can be accessed from the investor relations portion of f5.com. Interested listeners may also access the audio-only version of the live webcast by dialing +1 (877) 407-0312 for callers in the U.S. and Canada or +1 (201) 389-0899 for callers from other countries. The webcast will be recorded, and replays will be available as follows: Replay Via Webcast: Access via the investor rel
Needham reiterated coverage of F5 Networks with a rating of Buy and set a new price target of $220.00 from $200.00 previously
BofA Securities downgraded F5 Networks from Neutral to Underperform and set a new price target of $160.00 from $165.00 previously
Barclays downgraded F5 Networks from Overweight to Equal Weight and set a new price target of $140.00 from $166.00 previously
Goldman initiated coverage of F5 Networks with a rating of Neutral
Guggenheim initiated coverage of F5 Networks with a rating of Neutral
Evercore ISI downgraded F5 Networks from Outperform to In-line
BofA Securities downgraded F5 Networks from Buy to Neutral and set a new price target of $170.00 from $215.00 previously
Credit Suisse downgraded F5 Networks from Outperform to Neutral and set a new price target of $167.00 from $225.00 previously
JP Morgan downgraded F5 Networks from Overweight to Neutral and set a new price target of $178.00
Piper Sandler downgraded F5 Networks from Overweight to Neutral and set a new price target of $173.00 from $197.00 previously
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