F5(US:FFIV) Globenewswire·2026-02-10 22:04Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against F5, Inc. due to allegations of misleading statements 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 accessed F5's systems and exfiltrated sensitive source code [2][4]. - Following the revelation of the security breach in October 2025, F5's market value dropped by over $2 billion due to a significant decline in stock price [2][7]. - The breach was disclosed on October 15, 2025, revealing that a nation-state actor had maintained long-term access to F5's systems, which included critical product development environments [7]. Group 2: Financial Performance and Guidance - F5's disappointing 4Q FY25 results, announced on October 27, 2025, included a significant reduction in revenue guidance for fiscal 2026, attributed to the security breach [7]. - The company reported that the breach affected its highest revenue product, BIG-IP, leading to a stock price drop of $22.83, or 7%, the following day [7]. - Analysts subsequently downgraded their ratings and price targets for F5 shares, reflecting the negative outlook stemming from the breach and its financial implications [7]. Group 3: Legal Proceedings - The lead plaintiff deadline for the class action lawsuit is set for February 17, 2026, with the class period defined as October 28, 2024, to October 27, 2025 [5][7]. - Hagens Berman is actively investigating the claims and advising investors who suffered losses during the class period [7].