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F5 CEO John McAdam on cyber threats, competing with Cisco and growing through small acquisitions

F5 Networks CEO John McAdam was smiling Thursday as he addressed a small group of stock brokers and media at The Met’s 31st Annual “Guess the Dow” competition. And with good reason. F5, which reported first quarter results Wednesday that beat Wall Street expectations, saw its stock soar more than five percent in trading today…. Read More

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Shares of F5 soar, CEO expresses optimism for year ahead

Seattle-based F5 Networks saw its stock increase more than eight percent in after hours trading following the company’s fiscal first-quarter earnings report, one which showed net income coming in at $68 million on revenues of $406.5 million. That compares to net income of $69.5 million for the same period last year, on revenues of $395.3… Read More

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Shares of F5 up 7% in after hours, profits increase by $8M

Shares of F5 Networks were up more than seven percent in after hours trading today following the company’s fourth quarter earnings report, which noted a profit increase of 13 percent from this time last year. F5 saw $395.3 million in revenue and $76.2 million in profits, an increase from $68.2 million last quarter and $67.7 million a year earlier…. Read More

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F5 looks to wipe out cybercrime with acquisition of Versafe

F5 Networks is strengthening its Internet security offerings, announcing today that it is buying Tel Aviv-based Versafe in a deal of undisclosed size. Versafe’s 40 employee will remain with the company, operating out of Israel. The company’s three founders also will remain, working on the Versafe technology. Versafe’s development team will report to Ron Talmor,… Read More

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Shares of F5 surge after profits reach $68.2 million

Shares of F5 Networks took off in after hours trading following the company’s quarterly earnings announcement. F5, a maker of hardware and software products that speed up the delivery of applications, posted revenue of $370.3 million, up six percent over the previous quarter. Net income came in at $68.2 million, up from $63.4 million in… Read More

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F5 Networks opens new technology center in NYC

F5 Networks is expanding its footprint in New York City with the grand opening today of its International Technology Center, a new 10,000 square foot space at 600 Lexington Avenue. That’s an expensive slice of real estate for a spot to test networking equipment and software, ensuring that it is reliable and secure. In fact, the… Read More

John McAdam, right, interviewed by Ed Lazwoska, at the Tech Alliance luncheon in Seattle

F5 CEO John McAdam joins the board of Apptio

John McAdam is a man in high demand. The CEO of F5 Networks, the Seattle networking and software powerhouse, joined the board of Tableau Software two months ago. Now, he’s aligning himself with another of the region’s most promising enterprise software companies: Apptio.  McAdam today was announced as the newest board member of Apptio, a fast-growing… Read More

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F5 Networks buys networking startup LineRate Systems

F5 Networks has acquired LineRate Systems, a Colorado startup that’s developing technologies around what’s called software define networking. Terms of the deal were not disclosed and the acquisition is not expected to make a material impact on F5′s results, but F5 noted that the networking technologies will help “bring superior service agility, application intelligence, and… Read More

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Shares of F5 jump as profits rise

F5 Networks, the Seattle maker of networking equipment and software, today posted a revenue increase of 13 percent for its fiscal first quarter as profits also rose. The company tabulated $365.5 million in revenue, up from $322.4 million for the same period last year. Net income increased to $69.5 million, up from $66.5 million. Shares… Read More

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F5 names two new board members

F5 Networks has named Sandra Bergeron — a former executive at McAfee — and Steve Smith — the CEO of Equinix — to its board. Former Yahoo CEO Scott Thompson resigned from the F5 board last year, and the board consisted of six members prior to today’s appointments. F5 Networks CEO John McAdam noted in a… Read More

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F5′s McAdam joins board of Tableau: IPO chatter continues

F5 Networks CEO John McAdam has joined the board of Tableau Software, the fast-growing Seattle data visualization company. The appointment — the third to Tableau’s board this year — may signal that the 9-year-old company is prepping for a 2013 initial public offering. (Tableau was one of five that I suggested could make the IPO… Read More

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Shares of F5 Networks take a big hit after earnings miss

Shares of F5 Networks tumbled more than 10 percent in after hours trading today after the Seattle maker of networking equipment and software missed its fourth quarter numbers and scaled back its projections for the current quarter. The company posted revenue of $362.6 million for the fourth quarter, up 3 percent from the prior quarter and… Read More

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Amid ‘cautious spending environment’ revenue growth slows at F5 Networks

F5 Networks said that revenue slowed during its fiscal third quarter amid what CEO John McAdam dubbed a “more cautious spending environment.” Nonetheless, the maker of software and hardware to securely delivery applications over the Internet boosted revenues during the quarter $352.6 million, a 3.8 percent increase over the prior quarter and a 21.3 percent… Read More

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Tech Moves: Uber’s Broderick on the move; Qliance names COO; F5 execs get new gigs; etc.

Michelle Broderick has been promoted to lead the global marketing efforts for Uber, the fast-growing private driver service backed by Amazon.com founder Jeff Bezos, Menlo Ventures, Goldman Sachs and others. Broderick had served as general manager of the Seattle region, and the company is currently looking to hire her replacement. Broderick said she’ll remain in Seattle…. Read More

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F5 buying Traffix Systems to support spike in mobile data

F5 Networks has agreed to buy Traffix Systems, an Israeli company whose behind-the-scenes signaling technology helps mobile operators manage all that data flowing across their networks, thanks to all those smartphones, tablets and other devices we’re using these days. Traffix specializes in what’s known as the Diameter signaling protocol, which has emerged as the standard… Read More

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F5 shares jump after revenues surge 19.9% to $322 million

F5 Networks, whose software and hardware products speed the delivery of applications over the Internet, jumped more than five percent in after hours trading following the release of the Seattle company’s first quarter earnings report. F5 posted revenue of $322.4 million, up 2.5 percent over the previous quarter and a 19.9 percent increase over revenue… Read More

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Tech Moves: Opscode hires F5 vet; Dwellable taps Kriege; and more

Opscode, a cloud computing startup that specializes in infrastructure automation, continues to expand its fast-growing team. The Seattle company has named George Moberly, a former F5 Networks and Blade Logic product development executive, to the position of vice president of product management.  In a statement, Moberly said that Opscode is at the “center of a… Read More

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F5 Networks hires Cisco veteran to lead charge in security

F5 Networks, fresh off its blockbuster financial announcement last week, continues to strengthen its executive bench. The Seattle company today announced that Manny Rivelo, a 19-year veteran of Cisco Systems, has joined as vice president of security and strategic solutions. Cisco and F5 Networks are longtime rivals, so the hiring of Rivelo is especially interesting…. Read More

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F5 names Skype CFO to board, buys IP assets of Crescendo Networks

F5 Networks has appointed Skype Chief Financial Officer Jonathan Chadwick to its board of directors and announced the purchase of intellectual property assets of Crescendo Networks. The Seattle company, whose software and hardware helps speed the delivery of online applications, also said that its board has authorized a $200 million share repurchase program. Shares of… Read More