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 |
Provides enterprise-grade security, availability, observability, and scalability of modern apps and APIs Optimizes performance across diverse data center, cloud, and edge environments Unifies NGINX offerings via a SaaS-based console for easy access to tools across all applicable teams F5 (NASDAQ:FFIV) announced general availability of F5 NGINX One, combining advanced load balancing, web and application server capabilities, API gateway functionalities, and security features in a dedicated package. Customers are now able to simply manage and secure F5 NGINX instances and NGINX Open Source from a single cloud management interface. End-to-end visibility speeds apps to market and enables
F5, Inc. (NASDAQ:FFIV) today announced that it will participate in two upcoming financial conferences: Piper Sandler Growth Frontiers Conference F5's presentation will be webcast live beginning at 12:00 p.m. ET on Tuesday, September 10, 2024. Interested attendees can access the live webcast via the Events & Presentations tab within the Investor Relations section of f5.com or via this link. An archived version of the webcast will be available on F5's Investor Relations page. Goldman Sachs Communacopia + Technology Conference F5's presentation will be webcast live beginning at 1:50 p.m. ET on Wednesday, September 11, 2024. Interested attendees can access the live webcast via the Event
Tom Fountain appointed Chief Operating Officer, Chad Whalen named Chief Revenue Officer, Kunal Anand becomes Chief Technology and AI Officer F5 (NASDAQ:FFIV) today announced three new leadership roles designed to drive heightened agility, productivity, and AI innovation. Tom Fountain, formerly F5's Executive Vice President of Global Services and Chief Strategy Officer, becomes F5's Chief Operating Officer. As COO, Fountain is responsible for driving operational velocity and advancing execution, productivity, and efficiency company wide. He will continue to oversee Global Services and lead F5's digital transformation. F5 also is streamlining its go-to-market functions, combining sales
Enhancing the protection and performance of enterprise AI inference solutions with F5 NGINX Plus, Intel OpenVINO, and Intel IPUs F5 (NASDAQ:FFIV) today announced it is bringing robust application security and delivery capabilities to AI deployments powered by Intel. This new joint solution combines industry-leading security and traffic management from F5's NGINX Plus offering with the cutting-edge optimization and performance of the Intel Distribution of OpenVINO toolkit and Infrastructure Processing Units (IPUs) to deliver superior protection, scalability, and performance for advanced AI inference. As organizations increasingly adopt AI to power intelligent applications and workflows,
2024 Digital Enterprise Maturity Index identifies critical steps for organizations to achieve digital maturity amid rapid technological changes F5 (NASDAQ:FFIV) today released its 2024 Digital Enterprise Maturity Index report, a comprehensive analysis of enterprise digital transformation efforts across the globe, underscoring the immense power of generative AI and its pivotal role in driving digital maturity across industries. The report reveals critical insights into how organizations can modernize their enterprise architectures, enhance automation, and improve data management practices to leverage AI and deliver superior digital experiences to customers. Key highlights from the 2024 D
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
RESTON, Va., July 25, 2024 (GLOBE NEWSWIRE) -- F5, today announced that it has been named a vendor on the Department of Defense (DoD) Enterprise Software Initiative (ESI) blanket purchase agreement (BPA) awarded to Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. The BPA is signed for a four-year period of performance through September 4, 2027. Under the agreement, Carahsoft will facilitate access to cybersecurity software products, which include software licenses, subscriptions, maintenance, support, and services from F5 to support Information Technology (IT) operations across the DoD enterprise. "We are pleased to achieve this milestone of being added to Carah
Enterprises facing multicloud complexity turn to F5 to dramatically simplify connecting their most advanced applications F5 (NASDAQ:FFIV), the global leader in multicloud application security and delivery, today announced expanded technology partnerships and customer win milestones that reinforce its position as a leader in multicloud networking. According to IDC, the multicloud networking market is rapidly expanding and is expected to reach $10.16 billion in 2028.1 As a pioneer in multicloud application security and delivery, F5's solutions help customers solve the unique complexity challenges inherent in securely connecting applications and APIs across hybrid multicloud environments.
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 (NASDAQ:FFIV) today released a new report that provides a unique view into the current state of enterprise AI adoption. F5's 2024 State of AI Application Strategy Report reveals that while 75% of enterprises are implementing AI, 72% report significant data quality issues and an inability to scale data practices. Data and the systems companies put in place to obtain, store, and secure it are critical to the successful adoption and optimization of AI. "AI is a disruptive force, enabling companies to create innovative and unparalleled digital experiences. However, the practicalities of implementing AI are incredibly complex, and without a proper and secure approach, it can significantly h
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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
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
F5, Inc. (NASDAQ:FFIV) today announced the appointment of James Phillips, President, Digital Transformation Platform Group at Microsoft, to its board of directors. Phillips, 55, joins F5's board effective January 5, 2022, and will sit on F5's Nominating and Environmental, Social and Governance (ESG) Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220110005871/en/James Phillips, President, Digital Transformation Platform Group at Microsoft (Photo: Business Wire) "James' deep technology and software expertise and his visibility into digital transformation trends on a global scale will bring valuable insights and perspecti
F5 Networks (NASDAQ:FFIV) today announced the appointment of Michael Montoya, Chief Information Security Officer at Equinix, the world's digital infrastructure company, to its board of directors. Montoya, 50, joins F5's board effective immediately, bringing a strong background leading comprehensive cybersecurity programs for large global organizations. "Michael's expertise in information security, risk governance, and data privacy will bring a valuable perspective for F5 and our board," said Alan Higginson, chairman of the board of F5. "His extensive experience developing and managing global enterprise cloud security operations make him an ideal addition to our board as we leverage and ext
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, Inc. (NASDAQ:FFIV) announced it will report its fourth quarter and fiscal year 2023 financial results on Tuesday, October 24, 2023, 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 24, 2023. 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 investo
F5, Inc. (NASDAQ:FFIV) today announced financial results for its third quarter of fiscal year 2023. "In an environment that remains challenged by macroeconomic uncertainty, our team is executing well, delivering third-quarter revenue at the midpoint of our guidance range and earnings per share well above the high end of our guidance range," said François Locoh-Donou, F5's President and CEO. "We are seeing some early signs of demand stabilization as customers look to F5 to help them secure and optimize the applications and APIs that power their businesses." Third Quarter Performance Summary Third quarter fiscal year 2023 revenue grew 4% from the year ago period, to $703 million, up fro
F5, Inc. (NASDAQ:FFIV) announced it will report its third quarter fiscal year 2023 financial results on Monday, July 24, 2023, 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 24, 2023. 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
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F5 is also introducing its collaboration with Console Connect, a premier Network as a Service (NaaS) provider.
The Nasdaq 100 closed higher by around 175 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Sprouts Farmers Market The Trade: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold a total of 11,428 shar
F5's (NYSE:FFIV) short percent of float has risen 22.83% since its last report. The company recently reported that it has 2.98 million shares sold short, which is 5.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.36 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
https://www.bleepingcomputer.com/news/security/hackers-use-f5-big-ip-malware-to-stealthily-steal-data-for-years/
Earnings reports and a dovish stance from the Federal Reserve lifted stocks last week. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes. Tech Giants Lead Charge: Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter. According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than us
F5's (NYSE:FFIV) short percent of float has fallen 6.21% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 3.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.43 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) fell sharply during Tuesday's session following mixed first-quarter results. H&E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from Benzinga Pro. H&E Equipment Services shares dipped 18.2% to $48.45 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Akili, Inc. (NASDAQ:AKLI) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to mak
RBC Capital analyst Matthew Hedberg maintains F5 (NASDAQ:FFIV) with a Sector Perform and lowers the price target from $204 to $182.
Evercore ISI Group analyst Amit Daryanani maintains F5 (NASDAQ:FFIV) with a In-Line and lowers the price target from $200 to $180.
F5, Inc. (NASDAQ:FFIV) reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter. F5 posted adjusted earnings of $2.91 per share, beating market estimates of $2.87 per share. The company posted sales of $681.000 million, versus expectations of $685.361 million, according to data from Benzinga Pro. “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