F5(US:FFIV) Globenewswire·2025-12-29 22:21Core Viewpoint - A securities class action lawsuit has been filed against F5, Inc. for allegedly failing to timely disclose a significant cybersecurity incident that negatively impacted its business and stock price [1][2][4]. Group 1: Lawsuit Details - The lawsuit, titled Smith v. F5, Inc., seeks to represent investors who acquired F5 securities between October 28, 2024, and October 27, 2025 [1][4]. - The lead plaintiff deadline for the lawsuit is set for February 17, 2026 [4]. - The lawsuit focuses on the timing and adequacy of F5's disclosures regarding its cybersecurity response plan and the impact of the cybersecurity incident on its business and growth prospects, particularly concerning its F5 BIG-IP products [4][6]. Group 2: Cybersecurity Incident - On October 15, 2025, F5 disclosed that it had learned of a major cybersecurity incident on August 9, 2025, involving unauthorized access by a nation-state actor to certain company systems, including its highest revenue product, F5 BIG-IP [2][6]. - Following the disclosure, F5's stock price fell by $47.82, a decrease of 13.9%, over two trading days [6]. - The full impact of the incident became evident on October 27, 2025, when F5 reported Q4 and FY 2025 financial results, projecting revenue growth for 2026 to be only 0% to 4%, a significant decline from the 10% growth in 2025 [7]. Group 3: Investor Response - National shareholders rights firm Hagens Berman is investigating whether F5 adequately reported the breach and its implications for investors [3][8]. - The firm is encouraging F5 investors who experienced substantial losses to come forward and assist in the investigation [3][8]. - Hagens Berman is particularly focused on determining when F5 recognized the materiality of the cybersecurity incident and whether it complied with SEC disclosure requirements [8].