F5(US:FFIV) Businesswire·2025-12-23 00:12Core Viewpoint - A class action lawsuit has been filed against F5, Inc. due to a significant security breach that led to unauthorized access to company systems and resulted in substantial financial losses for investors [1][3][6]. Group 1: Incident Details - On October 15, 2025, F5 disclosed that a "highly sophisticated nation-state threat actor" gained unauthorized access to certain company systems, including the BIG-IP product development environment [3]. - The breach resulted in the exfiltration of files, including portions of the BIG-IP source code and information about undisclosed vulnerabilities [3]. - Following the announcement, F5's stock price dropped by $35.40, or 10.7%, closing at $295.35 per share on October 16, 2025 [3]. Group 2: Financial Impact - On October 27, 2025, F5 released its fourth quarter fiscal 2025 financial results, projecting low growth expectations for fiscal 2026 due to the security breach [4]. - The company anticipated reductions in sales and renewals, elongated sales cycles, terminated projections, and increased expenses related to remediation efforts [4]. - As a result of this news, F5's stock price fell by $22.83, or 7.8%, closing at $267.58 per share on October 28, 2025 [5]. Group 3: Lawsuit Allegations - The class action lawsuit alleges that F5 made materially false and misleading statements throughout the class period, failing to disclose the significant security incident that jeopardized the company's future prospects [6]. - The lawsuit claims that the positive statements made by F5 regarding its business operations were misleading and lacked a reasonable basis [6].