F5 (FFIV)
F5 Networks, Inc. engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

Company profile
Ticker
FFIV
Exchange
Website
CEO
François Locoh-Donou
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
F5 NETWORKS INC, F5 NETWORKS, INC.
SEC CIK
Corporate docs
Subsidiaries
Shape Security, Inc. • Traffix Communication Systems, Ltd. • Versafe, Ltd. • F5 Networks Singapore Pte Ltd. • F5 Networks Ltd. • F5 Government Solutions LLC ...
IRS number
911714307
FFIV stock data
News
62 Biggest Movers From Yesterday
28 Apr 22
Stocks That Hit 52-Week Lows On Wednesday
27 Apr 22
12 Information Technology Stocks Moving In Wednesday's Intraday Session
27 Apr 22
Here's How Much You Would Have Made Owning F5 Stock In The Last 20 Years
27 Apr 22
38 Stocks Moving In Wednesday's Mid-Day Session
27 Apr 22
Press releases
F5 to Participate in J.P. Morgan 50th Annual Global Technology, Media and Communications Conference
16 May 22
F5 Reports 40% Software Revenue Growth in its Fiscal Second Quarter
26 Apr 22
F5 Research Reveals Tradeoffs of Accelerating Digital Transformation
12 Apr 22
F5 to Report Second Quarter Fiscal Year 2022 Financial Results on April 26, 2022
7 Apr 22
F5 to Participate in Morgan Stanley Technology, Media & Telecom Conference
2 Mar 22
Analyst ratings and price targets
Current price
Average target
$219.40
Low target
$197.00
High target
$240.00
B of A Securities
Maintains
$240.00
Morgan Stanley
Maintains
$235.00
Credit Suisse
Maintains
$225.00
Piper Sandler
Maintains
$197.00
RBC Capital
Maintains
$200.00
Calendar
6 May 22
17 May 22
30 Sep 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 May 22 | Whalen Chad Michael | Common Stock | Sell | Dispose S | No | Yes | 168.68 | 254 | 42.84K | 8,677 |
9 May 22 | Lin Geng | Common Stock | Sell | Dispose S | No | Yes | 167.8 | 1,089 | 182.73K | 6,506 |
3 May 22 | Rogers Scot Frazier | Common Stock | Sell | Dispose S | No | Yes | 171.33 | 879 | 150.6K | 9,918 |
3 May 22 | Thomas Dean Fountain | Common Stock | Sell | Dispose S | No | Yes | 171.33 | 980 | 167.9K | 8,880 |
3 May 22 | Yamamoto Mika | Common Stock | Sell | Dispose S | No | Yes | 171.33 | 899 | 154.03K | 6,698 |
Institutional ownership, Q4 2021
91.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 572 |
Opened positions | 104 |
Closed positions | 53 |
Increased positions | 168 |
Reduced positions | 213 |
13F shares | Current |
---|---|
Total value | 13.57B |
Total shares | 55.48M |
Total puts | 179.95K |
Total calls | 224.1K |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.73M | $1.65B |
Wellington Management | 6.16M | $1.51B |
BLK Blackrock | 4.95M | $1.21B |
Hotchkis & Wiley Capital Management | 3.24M | $793.26M |
STT State Street | 2.86M | $699.2M |
American Century Companies | 1.64M | $401.01M |
AMP Ameriprise Financial | 1.42M | $347.52M |
Renaissance Technologies | 1.36M | $333.07M |
Geode Capital Management | 1.16M | $282.61M |
First Trust Advisors | 897.93K | $219.73M |
Financial report summary
?Competition
Gartner • Microsoft • Dell • Cisco Systems • Citrix Systems • Juniper Networks • Netscout Systems • Radware • MercadoLibre • QualysRisks
- Our business could be adversely impacted by conditions affecting the information technology market
- Cloud-based computing trends present competitive and execution risks
- Industry consolidation may result in increased competition
- We may not be able to compete effectively in the emerging application delivery and security market
- Our success depends on our timely development of new products and features, market acceptance of new product offerings and proper management of the timing of the life cycle of our products
- Our success depends on sales and continued innovation of our application security and delivery product lines
- Security vulnerabilities in our IT systems or products as well as unforeseen product errors could have a material adverse impact on our business results of operations, financial condition and reputation
- We are dependent on various information technology systems, and failures of or interruptions to those systems could harm our business
- Our failure to adequately protect personal information could have a material adverse effect on our business
- Our success depends on our key personnel and our ability to hire, retain and motivate qualified executives, sales and marketing, operations, product development and professional services personnel
- We recently implemented a restructuring program, which we cannot guarantee will achieve its intended result
- The average selling price of our products may decrease and our costs may increase, which may negatively impact revenues and profits
- Our business may be harmed if our contract manufacturers are not able to provide us with adequate supplies of our products or if a single source of hardware assembly is lost or impaired
- Our business could suffer if there are any interruptions or delays in the supply of hardware components from our third-party sources
- It is difficult to predict our future operating results because we have an unpredictable sales cycle
- We may not be able to sustain or develop new distribution relationships, and a reduction or delay in sales to significant distribution partners could hurt our business
- A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks
- Misuse of our products could harm our reputation
- Our quarterly and annual operating results may fluctuate in future periods, which may cause our stock price to fluctuate
- Reliance on fulfillment at the end of the quarter could cause our revenue for the applicable period to fall below expected levels
- Changes in financial accounting standards may cause adverse unexpected revenue fluctuations and affect our reported results of operations
- If we are unable to maintain effective internal control over financial reporting, the accuracy and timeliness of our financial reporting may be adversely affected
- We may have exposure to greater than anticipated tax liabilities
- We are subject to governmental export and import controls that could subject us to liability or impair our ability to compete in international markets
- We may not be able to adequately protect our intellectual property, and our products may infringe on the intellectual property rights of third parties
- Our operating results are exposed to risks associated with international commerce
- We are exposed to fluctuations in currency exchange rates, which could negatively affect our financial condition and results of operations
- Changes in governmental regulations could negatively affect our revenues
- New regulations related to conflict minerals may force us to incur additional expenses and could limit the supply and increase the costs of certain metals and minerals used in the manufacturing of our products
- Acquisitions present many risks and we may not realize the financial and strategic goals that are contemplated at the time of the transaction
- Anti-takeover provisions could make it more difficult for a third party to acquire us
- Our stock price could be volatile, particularly during times of economic uncertainty and volatility in domestic and international stock markets
- If securities or industry analysts publish inaccurate or unfavorable research about our business, or discontinue publishing research about our business, the price and trading volume of our securities could decline
- We face risks associated with having operations and employees located in Israel
- Our business is subject to the risks of earthquakes, fire, power outages, floods, and other catastrophic events, and to interruption by man-made problems such as terrorism
- Climate change may have an impact on our business
- The effects of a pandemic or widespread health epidemic such as the coronavirus outbreak could have a material adverse effect on our business and results of operations
- In addition to other risks listed in this “Risk Factors” section, factors that may affect our operating results include, but are not limited to:
Management Discussion
- Net Revenues. Total net revenues decreased 1.7% for the three months ended March 31, 2022 and increased 4.0% for the six months ended March 31, 2022 from the comparable periods in the prior year. The decrease in total net revenues for the three months ended March 31, 2022 was primarily due to a decrease in product revenue associated with a shortage of supplies to meet systems demand. This was partially offset by software revenue increases from both perpetual and subscription-based offerings. Overall revenue growth for the six months ended March 31, 2022 was primarily due to increases in both product and service revenue. The product revenue increase was driven by software revenue increases, specifically from our software-as-a-service product offerings and our subscription-based offerings, which include software sold via our flexible consumption program or multi-year subscriptions. This was partially offset by a decrease in systems revenue associated with a shortage of supplies to meet systems demand. Service revenues increased as a result of our increased installed base of products. In addition, our stand-alone security product revenue and our global services revenue associated with security continued to grow in the first half of fiscal 2022. International revenues represented 46.5% and 45.5% of total net revenues for the three and six months ended March 31, 2022, respectively, compared to 49.9% and 49.3% for the same periods in the prior year, respectively.
Content analysis
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H.S. sophomore Avg
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New words:
blocked, Department, directly, encryption, environment, failure, FSB, half, harm, immaterial, inability, incident, inflation, inflationary, Iran, issuer, knowingly, NAV, OFAC, ordinarily, perpetual, purpose, reassigned, registered, Russia, Russian, semiconductor, shortage, subsequent, Syria, Treasury
Financial reports
Current reports
8-K
F5 Reports 40% Software Revenue Growth in its Fiscal Second Quarter
26 Apr 22
8-K
Departure of Directors or Certain Officers
11 Mar 22
8-K
F5 Reports 10% First Quarter Revenue Growth Led by Strong Software Demand
25 Jan 22
8-K
F5 Adds Microsoft’s James Phillips to Board of Directors
10 Jan 22
8-K
Amendments to Articles of Incorporation or Bylaws
15 Nov 21
8-K
F5 Reports 11% Fourth Quarter Revenue Growth and 11% Fiscal Year Revenue Growth Fueled by Strong Software and Systems Demand
26 Oct 21
8-K
F5 Enhances Cloud Security Portfolio with Acquisition of Threat Stack
20 Sep 21
8-K
F5 Reports Third Quarter Fiscal Year 2021 Results Delivering Double-Digit Annual Revenue Growth for the Third Sequential Quarter
26 Jul 21
8-K
F5 Adds Michael Montoya to Board of Directors
17 Jun 21
8-K
F5 Delivers Second Consecutive Quarter of Double-Digit Revenue Growth with 19% GAAP and 18% Non-GAAP Product Revenue Growth
27 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
6 May 22
S-8
Registration of securities for employees
1 Nov 21
S-8
Registration of securities for employees
6 May 21
S-8
Registration of securities for employees
1 Feb 21
S-8
Registration of securities for employees
6 May 20
S-8
Registration of securities for employees
3 Feb 20
S-8
Registration of securities for employees
1 Aug 19
S-8
Registration of securities for employees
29 May 19
S-8
Registration of securities for employees
29 May 19
S-8
Registration of securities for employees
23 Apr 17
Proxies
DEFA14A
Additional proxy soliciting materials
26 Jan 22
DEFA14A
Additional proxy soliciting materials
3 Mar 21
DEFA14A
Additional proxy soliciting materials
22 Feb 21
DEFA14A
Additional proxy soliciting materials
9 Mar 20
DEFA14A
Additional proxy soliciting materials
4 Feb 18
DEF 14A
Definitive proxy
25 Jan 18
Other
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
9 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
15 Mar 16
CORRESP
Correspondence with SEC
25 Feb 16
UPLOAD
Letter from SEC
10 Feb 16
Ownership
4
F5 / CHAD MICHAEL WHALEN ownership change
11 May 22
4
F5 / Geng Lin ownership change
11 May 22
4
F5 / Mika Yamamoto ownership change
5 May 22
4
F5 / CHAD MICHAEL WHALEN ownership change
5 May 22
4
F5 / Scot Frazier Rogers ownership change
5 May 22
4
F5 / THOMAS DEAN FOUNTAIN ownership change
5 May 22
4
F5 / Mika Yamamoto ownership change
3 May 22
4
F5 / ANA MARIA WHITE ownership change
3 May 22
4
F5 / CHAD MICHAEL WHALEN ownership change
3 May 22
4
F5 / KARA LYNN SPRAGUE ownership change
3 May 22
Patents
Utility
Methods for enforcing access control list based on managed application and devices thereof
16 Nov 21
Methods, non-transitory computer readable media, and access policy manager apparatus that assists with enforcing an access control list based on one or more managed applications includes receiving a request to access a web application from an enrolled mobile device.
Utility
Methods for adding OCSP stapling in conjunction with generated certificates and devices thereof
9 Nov 21
Methods, non-transitory computer readable media, and network traffic manager apparatus that assists with adding an online certificate status protocol (OCSP) in conjunction with generated certificates includes receiving a client request to access a website via a TLS connection.
Utility
Methods and devices for service-discovering reverse-tunnel proxy and tunnel service center
26 Oct 21
Methods, non-transitory computer readable media, network traffic management apparatuses, and network traffic management systems that utilize a reverse tunnel proxy in a cloud environment.
Utility
Methods and system for client side analysis of responses for server purposes
5 Oct 21
A method and system for collecting information on responses and their interpretation on a client device that requests access to a server.
Utility
Filter-based request processing in a web server
28 Sep 21
Filter-based request processing includes generating first data corresponding to a request.
Transcripts
2022 Q2
Earnings call transcript
27 Apr 22
2022 Q1
Earnings call transcript
26 Jan 22
2021 Q4
Earnings call transcript
27 Oct 21
2021 Q3
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2021 Q1
Earnings call transcript
27 Jan 21
2020 Q4
Earnings call transcript
26 Oct 20
2020 Q3
Earnings call transcript
27 Jul 20
2020 Q2
Earnings call transcript
27 Apr 20
2020 Q1
Earnings call transcript
27 Jan 20
Reddit threads
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Most anticipated earnings releases for the week beginning April 25, 2022
23 Apr 22
Most Anticipated Earnings Releases for the week beginning April 25th, 2022
23 Apr 22
Morgan Stanley Turns Cautious on Tech Hardware Stocks
13 Apr 22
Why does this website show the S&P P/E ratio as 24.80 when if you obey market cap weights it's 34x?
27 Jan 22
Morning Update for Wednesday, 1/26/22
26 Jan 22
(1/26) Wednesday's Pre-Market Stock Movers & News
26 Jan 22
(1/26) Wednesday's Pre-Market Stock Movers & News
26 Jan 22
Any ways to price OTM puts going to be?
25 Jan 22