F5(US:FFIV) Globenewswire·2026-02-06 13:56Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against F5, Inc. due to allegations of misleading the market regarding the security of its BIG-IP products, which resulted in significant financial losses for investors [1][2]. Group 1: Allegations and Impact - The lawsuit claims that F5 executives misled the market about the security of its core products, particularly after a sophisticated nation-state threat actor allegedly gained long-term access to F5's systems and exfiltrated sensitive source code [2][8]. - Following the revelation of the security breach in October 2025, F5's market value plummeted by over $2 billion, with stock prices declining nearly 14% over two trading days [2][8]. - F5's disappointing Q4 FY25 results, released on October 27, 2025, indicated a significant reduction in expected sales and renewals, leading to a further drop in stock price by $22.83 (-7%) the next day [8]. Group 2: Legal Proceedings and Deadlines - The lead plaintiff deadline for the class action is set for February 17, 2026, with the class period defined as October 28, 2024, to October 27, 2025 [5][7]. - The core allegation centers around the undisclosed breach of BIG-IP source code, which is critical to F5's revenue generation [5][8]. Group 3: Company Performance and Future Outlook - The lawsuit highlights that F5's claims of having a best-in-industry security platform were misleading, as the company was facing a significant security incident that jeopardized both client security and F5's future prospects [8]. - The ongoing remediation efforts and the impact of the security breach have led to elongated sales cycles and increased expenses, further complicating F5's financial outlook for fiscal 2026 [8].