F5(US:FFIV) Globenewswire·2026-02-16 17:31Core 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]. - 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 the BIG-IP product development environment [7]. Group 2: Financial Performance and Guidance - F5's disappointing 4Q FY25 results, released on October 27, 2025, indicated a significant reduction in expected sales and renewals, elongated sales cycles, and increased expenses due to ongoing remediation efforts [7]. - The stock price fell by $22.83, or 7%, the day after the poor performance announcement, which was compounded by several analyst downgrades [7]. - The class period for the lawsuit is defined as October 28, 2024, to October 27, 2025, with a lead plaintiff deadline set for February 17, 2026 [5].