Last $123.77 USD
Change Today -0.086 / -0.07%
Volume 187.9K
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As of 11:44 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

f5 networks inc (FFIV) Key Developments

F5 and VMware Bring Software-Defined Application Services to Software-Defined Data Centers

F5 Networks, Inc. and VMware, Inc. announced interoperability between F5's BIG-IQ(R) management platform and the VMware NSX(TM) network virtualization platform for rapid orchestration of layer 2--7 network and application services in the software-defined data center (SDDC). Today's announcement focuses on enabling customers to combine the VMware NSX platform's network service automation with F5's application delivery service management. This marks the latest in a series of collaborative efforts between the companies to bring compelling IT benefits to their mutual data center customers. The F5 and VMware NSX technologies interoperate with management plane-level REST-based APIs that are used by F5 BIG-IP to register and deploy application services that can be consumed by F5 users in their software-defined data center. The NSX traffic steering capability enables traffic to be redirected to the F5 service. This combination allows F5 iApps(R) to be leveraged by NSX, and to be consumed as vendor templates that F5 customers can instantiate with application-specific parameters.

F5 Networks Announces Availability of Big-IP Application Services for VMware vCloud Hybrid Service

F5 Networks has announced the availability of its BIG-IP application services for VMware vCloud Hybrid Service. Enterprise customers can now easily extend the same impactful application delivery services they enjoy in the data center into the cloud. Specifically, global application availability, automation, and cloud bursting are enhanced with F5 and VMware, bolstering disaster recovery and business continuity efforts. Using F5 BIG-IP Global Traffic Manager (GTM), customers can route traffic across hybrid, on-premises, and cloud environments around the globe to keep pace with changing network conditions and user volumes for business needs.

F5 Networks, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

F5 Networks, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total net revenues were $440,285,000 compared to $370,302,000 for the same period a year ago. Income from operations was $126,079,000 compared to $104,077,000 for the same period a year ago. Income before income taxes was $127,272,000 compared to $106,951,000 for the same period a year ago. Net income was $79,473,000 compared to $68,178,000 for the same period a year ago. Net income per diluted share was $1.05 compared to $0.86 for the same period a year ago. Net diluted income excluding stock-based compensation and amortization of purchased intangible assets (non-GAAP) was $104,566,000 or $1.39 per diluted share compared to $88,421,000 or $1.12 per diluted share for the same period a year ago. Capital expenditures for the quarter were $5.5 million. Cash flow from operations was $138 million. For the nine months, the company reported total net revenues were $1,266,780,000 compared to $1,085,985,000 for the same period a year ago. Income from operations was $346,076,000 compared to $305,637,000 for the same period a year ago. Income before income taxes was $347,538,000 compared to $312,179,000 for the same period a year ago. Net income was $217,162,000 compared to $201,083,000 for the same period a year ago. Net income per diluted share was $2.84 compared to $2.54 for the same period a year ago. Net diluted income excluding stock-based compensation and amortization of purchased intangible assets (non-GAAP) was $296,226,000 or $3.87 per diluted share compared to $263,786,000 or $3.33 per diluted share for the same period a year ago. Net cash provided by operating activities was $379,127,000 compared to $351,698,000 for the same period a year ago. Purchases of investments $387,147,000 compared to $744,557,000 for the same period a year ago. Purchases of property and equipment were $15,636,000 compared to $21,434,000 for the same period a year ago. For the fourth quarter of fiscal 2014, the company has set a revenue goal of $453 million to $463 million with a GAAP earnings target of $1.15 to $1.18 per diluted share and a non-GAAP earnings target of $1.46 to $1.49 per diluted share. Net income expected to be in the range of $86.4 million to $88.7 million, amortization of purchased intangible assets expected to be $3.2 million and non-GAAP net income excluding stock-based compensation expense and amortization of purchased intangible assets expected to be in the range of $109.4 million to $111.8 million for the same period a year ago. GAAP effective tax rate expected to be 38% and a non-GAAP effective tax rate expected to be 35.5%. It believed cash flow from operations will be at or around $150 million. GAAP gross margin is anticipated to remain in the 82% range, including approximately $3.5 million of stock-based compensation expense and $2.7 million in amortization of purchased intangible assets. Non-GAAP gross margin is expected to be at or around 83.5%.

F5 Networks, Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-27-2014

F5 Networks, Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-27-2014 . Venue: The Ritz Carlton Hotel, 120 East Delaware, Chicago, IL 60611, United States.

F5 Networks Announces New Sales and Technical Sales Accreditation Programs

F5 Networks announced new Sales and Technical Sales Accreditation programs. This introduction is the latest in an ongoing series of projects to provide F5 partners with the tools and skills needed to offer differentiated application delivery solutions and services to customers. With the launch of F5's Synthesis architectural vision--and as F5's relevance across security, cloud, and mobility topics rapidly grows--partner enablement becomes even more crucial. The new programs help partners effectively articulate the unique value that F5 solutions deliver to enable transformative application services in data center and cloud environments. Dedicated F5 Sales Accreditation and F5 Technical Sales Accreditation materials are available online to partners at F5 University and accessible via the company's Partner Resource Center. Clear differentiation with F5 solutions -- Channel partners can deliver the full benefits of the F5 platform to joint customers, with F5 technologies providing strategic points of control throughout the application delivery infrastructure. Unified F5 Synthesis architectural approach -- Updated materials focus on organizations' current IT initiatives and emerging business challenges in the context of F5's comprehensive Synthesis framework. Full understanding of Software Defined Application Services -- Partners will be able to better articulate how F5 technologies and SDAS help future-proof customers' networks with flexible, automated, and programmable solutions. F5's growing technology partner ecosystem -- New offerings reinforce the critical role channel partners play in integrating F5 solutions with major customer IT initiatives, such as Microsoft, Cisco, VMware, and Oracle deployments, to achieve faster performance, improved security, and better availability.

 

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