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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
Former names
F5 NETWORKS INC, F5 NETWORKS, INC.
SEC CIK
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

Calendar

6 May 22
17 May 22
30 Sep 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
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
91.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 572 521 +9.8%
Opened positions 104 59 +76.3%
Closed positions 53 57 -7.0%
Increased positions 168 180 -6.7%
Reduced positions 213 186 +14.5%
13F shares Current Prev Q Change
Total value 13.57B 11.13B +22.0%
Total shares 55.48M 56.03M -1.0%
Total puts 179.95K 338.85K -46.9%
Total calls 224.1K 344.1K -34.9%
Total put/call ratio 0.8 1.0 -18.5%
Largest owners Shares Value Change
Vanguard 6.73M $1.65B +1.5%
Wellington Management 6.16M $1.51B +7.3%
BLK Blackrock 4.95M $1.21B +0.2%
Hotchkis & Wiley Capital Management 3.24M $793.26M +1.4%
STT State Street 2.86M $699.2M +2.2%
American Century Companies 1.64M $401.01M -18.4%
AMP Ameriprise Financial 1.42M $347.52M +14.1%
Renaissance Technologies 1.36M $333.07M -11.5%
Geode Capital Management 1.16M $282.61M +3.7%
First Trust Advisors 897.93K $219.73M -1.7%
Largest transactions Shares Bought/sold Change
Norges Bank 612.42K +612.42K NEW
Wellington Management 6.16M +418.6K +7.3%
American Century Companies 1.64M -369.89K -18.4%
FIL 38.97K -314.92K -89.0%
BMO Bank of Montreal 126.72K -310.2K -71.0%
Holocene Advisors 159.61K -294.49K -64.9%
FMR 601.06K -232.3K -27.9%
MS Morgan Stanley 293.02K -210.79K -41.8%
Robeco Institutional Asset Management B.V. 351.66K +183.09K +108.6%
Renaissance Technologies 1.36M -176.8K -11.5%

Financial report summary

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Risks
  • 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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Positive
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Uncertain
Constraining
Legalese
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H.S. sophomore Avg
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