TYSONS CORNER, VA, May 21, 2019 — American Systems, F5 Networks (Nasdaq: FFIV) and Microsoft (Nasdaq: MSFT) teamed up to
Steve McMillan, formerly senior vice president of Oracle‘s (NYSE: ORCL) customer success and managed cloud services business, has been appointed
TYSONS CORNER, VA, May 5, 2017 — F5 Networks (Nasdaq: FFIV) will move its corporate headquarters in Seattle, Washington, to a
For anyone practicing the news about Ticketmaster and Taylor Swift, or Twitter and Elon Musk, the problem of malicious bots might seem insurmountable.
These automated programs can snap up concert tickets in the blink of an eye, or pose as humans on social media, among countless other mischievous tasks. Bad bots are a big problem, accounting for one-quarter to as much as one-half of global internet traffic, or even more, by different estimates.
But they are not invincible.
That’s the assessment of F5 CEO François Locoh-Donou. Seattle-based F5 is one of a growing number of tech companies that offer solutions to detect, deter, and defeat bots. Others include Akamai Technologies, Cloudflare, Google, PerimeterX (Human), Imperva, DataDome and many others.
“You beat that automation — that bad automation from bad actors — with better technology, and that better technology does exist today,” he says.
Locoh-Donou joins us to discuss the issue on this week’s GeekWire Podcast. He says he cares about the subject not only because F5 is in the business of battling bots, but because of the threat they pose to trust in the digital world.
“The prevalence and sophistication of bots, over the last several years, has increased exponentially because of the availability of the technology, and availability of human talent that is used to power bots,” Locoh-Donou says.
“A number of retailers and certainly social media companies haven’t really understood or grasped the motivation of the people who are creating these bots, and the sophistication of these bots, and the way that they are distorting the information that we are looking at,” he added. “So that’s why bots have become such a big issue in the digital world.”
Many companies treat the battle against bots as a “DIY project,” hiring their own engineers to address the problem, or leaving it to their internal security teams to deal with it, which Locoh-Donou described as a mistake.
To be sure, F5 has a vested interest in that viewpoint. Its security products and services include Distributed Cloud Bot Defense, which resulted from the company’s $1 billion acquisition of Shape Security three years ago.
However, there’s a growing consensus in the tech industry that battling bots does require specialized technology.
“Organizations are beginning to realize that firewalls, denial of service attack prevention, and network security features … are insufficient to solve bot problems,” said Aite-Novarica Group, a financial services research and advisory firm, in a September 2022 report. “Purpose-built bot management solutions are a must to defend against today’s sophisticated bots and nefarious operators that quickly ‘out tool’ bot detection.”
The market is “reaching critical mass,” at an estimated $860 million overall this year, on track for a market size of $1.2 billion in 2025, Aite-Novarica estimates.
Aite-Novarica put F5’s bot detection and defense technology in the category of “best in class” in its report. Forrester Research categorized F5 as a “contender” in the bot management market, in an April 2022 report.
“Bad bots continue to consume resources and overwhelm organizations,” the Forrester analysts wrote. “Modern bot management tools must keep up with ever-evolving attacks, offer a range of out-of-the-box and customizable reports, and enable human end customers to transact business with little friction or frustration.”
It’s part of a burgeoning business for F5, the publicly traded Seattle-based enterprise tech company, which specializes in areas including application delivery and security, networking, and multi-cloud management. Security revenue at F5 reached $1 billion in its latest fiscal year, or 37% of overall annual revenue.
Locoh-Donou says F5’s anti-bot technology analyzes thousands of signals, looking for telltale patterns that indicate the presence of bots on their websites and applications. It then leverages artificial intelligence and machine learning for a second-stage analysis, looking at historical patterns and other data, in a technological arms race with attackers.
When Locoh-Donou reads stories such as the Ticketmaster bot problem, he says he feels sad and frustrated thinking about the thousands of legitimate fans — including his own kids — who want fair access to buy tickets.
“I feel frustrated when I see that, because it’s a distortion of the digital world. And I know that there are there solutions to solve that,” he said. “Companies have a responsibility to take this issue, this prevalence of bots, more seriously.”
So Ticketmaster’s bot problem could be solved with the right technology?
“Yes,” he said. “100%”
Reference to DataDome corrected since publication.
These 3 Tech Stocks Plunged After Earnings: Buy the Dip?
Herve Blandin | May 3, 2021
Each company recently posted disappointing quarterly earnings despite having vast, and growing, market opportunities.
Why F5 Networks Stock Crashed 10% After Earnings
Rich Smith | Apr 28, 2021
Pro forma profits were great, but F5's GAAP number was less impressive.
F5 Networks Is Getting an Unexpected Boost
Herve Blandin | Jan 31, 2021
The company's legacy hardware business is poised to perform better than anticipated.
Should Cloudflare and Fastly Fear F5 Networks' Foray Into Edge Computing?
Herve Blandin | Jan 12, 2021
F5 Networks agreed to acquire an innovative edge-computing start-up.
Why F5 Networks Stock Jumped 8.5% on Tuesday
Anders Bylund | Oct 27, 2020
The application delivery expert smashed Wall Street's estimates in the fourth quarter.
Never Heard of Adaptive Applications? It's F5 Networks' Long-Term Vision
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Adaptive applications leverage the tech specialist's various technologies.
A month has gone by since the last earnings report for F5 Networks (FFIV). Shares have added about 9.4% in that time frame, outperforming the S&P 500.
Will the accurate positive trend continue leading up to its next earnings release, or is F5 due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most accurate earnings report in order to get a better handle on the important drivers.
F5 Q4 Earnings & Revenues Outpace Estimates
F5 reported strong fourth-quarter fiscal 2022 results, wherein both the top and bottom lines surpassed the respective Zacks Consensus Estimate.
The Seattle-based company’s non-GAAP earnings of $2.62 per share beat the Zacks Consensus Estimate of $2.54. Although the bottom line declined 13% from the year-ago quarter’s $3.01 per share, the figure came in way higher than management’s guided range of $2.45-$2.57 per share.
During the reported quarter, F5 Networks witnessed a 3% increase in its revenues amid a global chip shortage scenario in the semiconductor industry. The company’s non-GAAP revenues were $700 million, which surpassed the Zacks Consensus Estimate of $692.2 million. The top line was in line with the top end of the guided range of $680-$700 million.
Top Line in Detail
Product revenues (50% of total revenues), which comprise Software and Systems sub-divisions, increased 3% year on year to $350 million. Software sales jumped 13% year over year to $172 million, accounting for approximately 49.1% of the total Product revenues. However, System revenues slumped 5% to $178 million, making up the remaining 50.9% of the total Product revenues. This downside was due to the ongoing global chip shortage.
Global Service revenues (50% of total revenues) grew 2% to $350.1 million.
F5 Networks registered sales growth across the Americas, witnessing a year-over-year increase of 6.3%. The company registered a 3% and 1.7% decrease in sales growth from the EMEA and APAC regions, respectively. Revenue contributions from the Americas, EMEA and APAC regions were 61%, 23% and 17%, respectively.
Customer-wise, Enterprises, Service providers and Government represented 66%, 13% and 21% of product bookings, respectively.
Margins
GAAP and non-GAAP gross margins contracted 220 and 230 basis points (bps) to 78.9% and 81.4%., respectively.
GAAP and non-GAAP operating expenses went up 4.2% and 8.2%, respectively, to $445 million and $378.8 million. F5 Networks’ GAAP and non-GAAP operating margins shrunk 310 and 510 bps to 15.4% and 27.3%, respectively.
Balance Sheet & Cash Flow
F5 Networks exited the September-ended quarter with cash and short-term investments of $884.6 million compared with the previous quarter’s $738.4 million.
During the fiscal fourth quarter, the company generated $154.3 million of operating cash flow compared with the $71 million reported in the previous quarter.
In fiscal 2022, F5 Networks’ operating cash flow totaled $442.6 million. The operating cash flow remained under pressure due to strong multi-year subscription sales, which impacted the cash collection process.
F5 Networks repurchased shares worth $500 million during fiscal 2022.
Full-Year Highlights
For fiscal 2022, F5 Networks reported revenues of $2.7 billion, indicating an increase of 3% year over year. The company reported non-GAAP earnings of $10.19 per share compared with $10.81 per share reported a year ago.
Non-GAAP gross margin contracted 130 bps to 82.6%. Non-GAAP operating expenses increased 6.6% to $1.45 billion.
Non-GAAP operating income decreased from $822.2 million a year ago to $778.3 million in fiscal 2022. Consequently, the non-GAAP operating margin contracted 270 bps to 28.9%.
Guidance
F5 Networks projects non-GAAP revenues in the $690-$710 million (mid-point of $700 million) and non-GAAP earnings per share in the $2.25-$2.37 band (mid-point of $2.31) for first-quarter fiscal 2023.
For fiscal 2023, F5 Networks provided an estimate of 9-11% total revenue growth. The company expects software sales to grow 15-20%.
F5 Networks anticipates non-GAAP earnings to grow in the low-to-mid teens.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -10.85% due to these changes.
VGM Scores
Currently, F5 has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, F5 has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
F5 is part of the Zacks Internet - Software industry. Over the past month, Snap (SNAP), a stock from the same industry, has gained 7.7%. The company reported its results for the quarter ended September 2022 more than a month ago.
Snap reported revenues of $1.13 billion in the last reported quarter, representing a year-over-year change of +5.7%. EPS of $0.08 for the same period compares with $0.17 a year ago.
For the current quarter, Snap is expected to post earnings of $0.09 per share, indicating a change of -59.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
Snap has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
Want the latest recommendations from Zacks Investment Research? Today, you can get 7 Best Stocks for the Next 30 Days. Click to get this free report
F5, Inc. (FFIV) : Free Stock Analysis Report
Snap Inc. (SNAP) : Free Stock Analysis Report
CCTT certified technicians can earn up to 27 percent more than non-certified technicians, according to a 2022 Salary Survey
EVERETT, Wash., November 15, 2022--(BUSINESS WIRE)--Fluke Networks introduces the Certified Cabling Test Technician™ (CCTT) Recertification program, a new way for technicians to refresh their cabling knowledge and skills while renewing their certification. CCTT certification is valid for two years and has required technicians to retake the entire two-day classwork to be re-certified. The new Recertification program enables them to revalidate and learn new skills through a shorter one-day online course rather than retake the full CCTT certification course.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221115005368/en/
The CCTT Recertification program is an all-online instructor-led experience that minimizes the time out of the field and eliminates travel and lodging expenses. This virtual hands-on experience gives each student remote control of one of 30 dedicated Versiv units through their computer or phone. Except for handling the physical cabling, the content and exercises are identical to a classroom course. (Photo: Business Wire)
"With over 10,000 graduates, the Fluke Networks Certified Cabling Test Technician program is a leading provider of training for technicians certifying and troubleshooting installed twisted pair and fiber cabling systems," said Mark Mullins, product marketing manager and founding member of Fluke Network. "The new Recertification program gives CCTT certified technicians a simple, online path to keep their expertise up to date and renew their certifications."
The CCTT Recertification program is an all-online instructor-led experience that minimizes the time out of the field and eliminates travel and lodging expenses. This virtual hands-on experience gives each student remote control of one of 30 dedicated Versiv units through their computer or phone. Except for handling the physical cabling, the content and exercises are identical to a classroom course.
"The Fluke Networks Certified Cabling Test Technician course gives you essential hands-on experience and all the skills you need to effectively test and troubleshoot," said Todd Brennfoerder, Communications Project Manager at Total Electronics Contracting, Inc., a Missouri-based provider of system design, installation, and service of information and communications systems. "Since taking the course, our team’s confidence is up considerably, and my need to help with troubleshooting in the field has dropped to nearly zero, saving 6-10 trips per month. I’d strongly recommend this course for all technicians."
Get more and better paying jobs
Customers are more frequently requiring certification for technicians to be hired for some or all their projects. In a accurate study by Fluke Networks, 67% of respondents report that CCTT certification was required on all or some of their jobs. And Fluke Networks’ 2022 Salary Survey revealed that CCTT technicians earn up to 27% more than non-certified technicians.
A majority of the respondents of the CCTT survey (more than 90%) also stated that the BICSI continuing education credits they received from the CCTT course were important to them and that the program increased their understanding of cabling and cable testing, as well as making them better at troubleshooting.
The Fluke Networks Certified Cabling Test Technician Recertification program is currently available in the United States only. To learn more, visit: https://bit.ly/CCTT_Recert.
About Fluke Networks
Fluke Networks is the worldwide leader in certification, troubleshooting, and installation tools for professionals who install and maintain critical network cabling infrastructure. From installing the most advanced data centers to restoring service on the factory floor, our combination of legendary reliability and unmatched performance ensure jobs are done efficiently. The company’s flagship products include the innovative LinkWare™ Live, the world’s leading cloud-connected cable certification solution with over eighty million results uploaded to date. For more information, call 1-800-283-5853 (US, Canada), 1-425-446-5500 (International) or visit www.flukenetworks.com.
For additional information and updates, follow Fluke Networks on social media:
Twitter: https://twitter.com/flukenetdci
Facebook: http://www.facebook.com/flukenetworks
LinkedIn: http://www.linkedin.com/company/fluke-networks
View source version on businesswire.com: https://www.businesswire.com/news/home/20221115005368/en/
Contacts
Warren Payne
PayneSpencer
(253) 653-0522
warren@paynespencer.com
This research service analyzes the current market scenario and identifies future growth potential for 6G testing. The market for 6G testing is estimated to be between $250 million and $300 million in 2022.
New York, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "6G Testing-Advancements in Next-generation Networks" - https://www.reportlinker.com/p06364891/?utm_source=GNW
Current Market Scenario:
• Network virtualization, remote monitoring, centralization, and security are the key ingredients that boost growth.
• RF, digital, fiber-optic test equipment, and semiconductor ATE are the major test products focusing on 6G research.
• Cloud-based IoT/IoE architecture is the premise on which the 6G infrastructure is built; this will enable fast and effective data transfer across networks.Future Market Potential:
• By 2030, the first deployment of 6G-enabled devices will beat a speed of 1 Tbp/s.
• Once the market picks up, the CAGR for the next 5 years is estimated to be around 25%, as 6G will drive growth in urban as well as rural areas.
• Connectivity will be the key focus for smart cities and smart automobiles.
Sustainable 6G deployments will serve vehicle-to-vehicle communication, in-vehicle communication, and EV/hybrid cars.
• Human safety will be the key criterion in the field of healthcare and transportation, where there will be more automation with wearable devices and driverless cars, respectively.Some of the key drivers include R&D investments in telecommunication, continuous growth opportunities; advancements in complex telecommunication network infrastructure and mobile internet, and opportunities from smart city projects.
The study offers a holistic picture of the opportunities for 6G test equipment vendors across the world.
Author: Sujan Sami
Read the full report: https://www.reportlinker.com/p06364891/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
EVERETT, Wash.--(BUSINESS WIRE)--Fluke Networks introduces the Certified Cabling Test Technician™ (CCTT) Recertification program, a new way for technicians to refresh their cabling knowledge and skills while renewing their certification. CCTT certification is valid for two years and has required technicians to retake the entire two-day classwork to be re-certified. The new Recertification program enables them to revalidate and learn new skills through a shorter one-day online course rather than retake the full CCTT certification course.
“With over 10,000 graduates, the Fluke Networks Certified Cabling Test Technician program is a leading provider of training for technicians certifying and troubleshooting installed twisted pair and fiber cabling systems,” said Mark Mullins, product marketing manager and founding member of Fluke Network. “The new Recertification program gives CCTT certified technicians a simple, online path to keep their expertise up to date and renew their certifications.”
The CCTT Recertification program is an all-online instructor-led experience that minimizes the time out of the field and eliminates travel and lodging expenses. This virtual hands-on experience gives each student remote control of one of 30 dedicated Versiv units through their computer or phone. Except for handling the physical cabling, the content and exercises are identical to a classroom course.
“The Fluke Networks Certified Cabling Test Technician course gives you essential hands-on experience and all the skills you need to effectively test and troubleshoot,” said Todd Brennfoerder, Communications Project Manager at Total Electronics Contracting, Inc., a Missouri-based provider of system design, installation, and service of information and communications systems. “Since taking the course, our team’s confidence is up considerably, and my need to help with troubleshooting in the field has dropped to nearly zero, saving 6-10 trips per month. I’d strongly recommend this course for all technicians.”
Get more and better paying jobs
Customers are more frequently requiring certification for technicians to be hired for some or all their projects. In a accurate study by Fluke Networks, 67% of respondents report that CCTT certification was required on all or some of their jobs. And Fluke Networks’ 2022 Salary Survey revealed that CCTT technicians earn up to 27% more than non-certified technicians.
A majority of the respondents of the CCTT survey (more than 90%) also stated that the BICSI continuing education credits they received from the CCTT course were important to them and that the program increased their understanding of cabling and cable testing, as well as making them better at troubleshooting.
The Fluke Networks Certified Cabling Test Technician Recertification program is currently available in the United States only. To learn more, visit: https://bit.ly/CCTT_Recert.
About Fluke Networks
Fluke Networks is the worldwide leader in certification, troubleshooting, and installation tools for professionals who install and maintain critical network cabling infrastructure. From installing the most advanced data centers to restoring service on the factory floor, our combination of legendary reliability and unmatched performance ensure jobs are done efficiently. The company’s flagship products include the innovative LinkWare™ Live, the world’s leading cloud-connected cable certification solution with over eighty million results uploaded to date. For more information, call 1-800-283-5853 (US, Canada), 1-425-446-5500 (International) or visit www.flukenetworks.com.
For additional information and updates, follow Fluke Networks on social media:
Twitter: https://twitter.com/flukenetdci
Facebook: http://www.facebook.com/flukenetworks
LinkedIn: http://www.linkedin.com/company/fluke-networks
