F5, also known as F5 Networks, is a privately owned company headquartered in the US. Founded in 1996, it employs approximately 6450 individuals. The company specializes in IT services and IT consulting, focusing on multi-cloud application services and security.
On March 13, 2026, U.S. District Judge Kymberly K. Evanson named DiCello Levitt as Lead Counsel in the `Smith v. F5` securities class action. The lawsuit alleges that F5, a cybersecurity and technology company, misled investors regarding cybersecurity risks and a data breach. Earlier on the same day, F5 unveiled new security capabilities at AppWorld, integrated within its Application Delivery and Security Platform (ADSP), to strengthen protection for AI-driven and modern applications. These innovations unify intelligent threat protection, zero trust access controls, and crypto-agile architecture, aimed at helping enterprises secure distributed applications and prepare for emerging post-quantum risks, with updates spanning F5's BIG-IP, NGINX, and Distributed Cloud Services portfolio.