What is the history of F5?

In 1997, F5 launched its first product, a load balancer called BIG-IP. BIG-IP served the purpose of reallocating server traffic away from overloaded servers. In June 1999, the company had its initial public offering and was listed on the NASDAQ stock exchange with symbol FFIV. In 2017, François Locoh-Donou replaced John McAdam as president and CEO.

Is F5 Networks stock a buy?

By Dhirendra Tripathi Investing.com – F5 Networks stock (NASDAQ:FFIV) was up 1% in Tuesday’s premarket trading after Needham upgraded the target to $303 while maintaining a ‘buy’ rating. Analyst Alex Henderson believes the company is pivoting to the...

When did F5 start a load balancer?

In 1997, F5 launched its first product, a load balancer called BIG-IP. BIG-IP served the purpose of reallocating server traffic away from overloaded servers. In June 1999, the company had its initial public offering and was listed on the NASDAQ stock exchange with the symbol FFIV.

Did F5 buy Nginx?

In March 2019, F5 acquired NGINX, Inc., the company responsible for widely used open-source web server software, for $670 million. In January 2020, F5 acquired Shape Security, Inc., an artificial intelligence -based bot detection company, for $1 billion.