F5(US:FFIV) Globenewswire·2026-01-07 23:35Core Viewpoint - A securities class action lawsuit has been filed against F5, Inc. following a significant cybersecurity incident that was disclosed on October 15 and 27, 2025, which negatively impacted the company's expected revenues for 2026 [1][2][5]. Group 1: Incident Details - F5 discovered a "material cybersecurity incident" on August 9, 2025, involving a breach of its BIG-IP source code [1][5]. - The lawsuit alleges that F5 may have misled investors regarding the security of its products and the financial impact of the incident [3][5]. - The breach was attributed to a "highly sophisticated nation-state threat actor" who had persistent access to F5's systems for at least a year [5]. Group 2: Financial Impact - Following the disclosures, F5's stock price experienced significant declines, dropping $35.40 (-10%) on October 16, 2025, and $22.83 (-7%) on October 28, 2025 [6][7]. - The company projected 2026 revenue growth of only 0% to 4%, a stark contrast to the 10% growth in 2025, which was below analyst expectations due to delayed deals and reduced renewals linked to the breach [7]. Group 3: Legal Proceedings - The lead plaintiff deadline for the lawsuit is set for February 17, 2026, allowing investors who purchased F5 shares during the class period (October 28, 2024 – October 27, 2025) to petition the court [4][9]. - Hagens Berman, the law firm leading the investigation, is focused on whether F5 management was aware of the breach's materiality before informing the public [8].