F5(US:FFIV) Prnewswire·2026-01-29 02:02Core Viewpoint - Hagens Berman is investigating claims against F5, Inc. regarding misleading statements about the security of its BIG-IP products, following a significant cybersecurity breach that resulted in substantial financial losses for investors [2][8]. Group 1: Legal Proceedings - A securities class action has been filed against F5, Inc. and certain executives, with a lead plaintiff deadline set for February 17, 2026 [4][6]. - The class period for the lawsuit spans from October 28, 2024, to October 27, 2025 [4]. Group 2: Allegations and Impact - The lawsuit alleges that F5 executives failed to disclose a material cybersecurity incident involving a sophisticated nation-state threat actor who accessed and exfiltrated sensitive source code [2][8]. - Following the revelation of the breach in October 2025, F5's market value plummeted by over $2 billion due to significant declines in stock price [2][8]. - F5's stock price dropped nearly 14% over two trading days after the breach was disclosed, and further declined by $22.83 (-7%) after disappointing Q4 FY25 results were announced [8]. Group 3: Financial Performance - F5's Q4 FY25 results were significantly below market growth expectations for fiscal 2026, attributed to the security breach, leading to reduced sales and renewals, elongated sales cycles, and increased remediation expenses [8]. - The BIG-IP product, which was the subject of the breach, is F5's highest revenue-generating product, making the implications of the breach particularly severe for the company's financial outlook [8].