diff --git a/cmd/admin-handlers.go b/cmd/admin-handlers.go
index 2890e9069..e4f087493 100644
--- a/cmd/admin-handlers.go
+++ b/cmd/admin-handlers.go
@@ -1110,7 +1110,6 @@ func (a adminAPIHandlers) ObjectSpeedtestHandler(w http.ResponseWriter, r *http.
 	}
 
 	sufficientCapacity, canAutotune, capacityErrMsg := validateObjPerfOptions(ctx, objectAPI, concurrent, size, autotune)
-
 	if !sufficientCapacity {
 		writeErrorResponseJSON(ctx, w, toAdminAPIErr(ctx, AdminError{
 			Code:       "XMinioSpeedtestInsufficientCapacity",
@@ -1874,6 +1873,12 @@ func (a adminAPIHandlers) HealthInfoHandler(w http.ResponseWriter, r *http.Reque
 	healthCtx, healthCancel := context.WithTimeout(lkctx.Context(), deadline)
 	defer healthCancel()
 
+	// Freeze all incoming S3 API calls before running speedtest.
+	globalNotificationSys.ServiceFreeze(ctx, true)
+
+	// unfreeze all incoming S3 API calls after speedtest.
+	defer globalNotificationSys.ServiceFreeze(ctx, false)
+
 	hostAnonymizer := createHostAnonymizer()
 	// anonAddr - Anonymizes hosts in given input string.
 	anonAddr := func(addr string) string {
@@ -2111,11 +2116,6 @@ func (a adminAPIHandlers) HealthInfoHandler(w http.ResponseWriter, r *http.Reque
 
 	getAndWriteDrivePerfInfo := func() {
 		if query.Get(string(madmin.HealthDataTypePerfDrive)) == "true" {
-			// Freeze all incoming S3 API calls before running speedtest.
-			globalNotificationSys.ServiceFreeze(ctx, true)
-			// unfreeze all incoming S3 API calls after speedtest.
-			defer globalNotificationSys.ServiceFreeze(ctx, false)
-
 			opts := madmin.DriveSpeedTestOpts{
 				Serial:    false,
 				BlockSize: 4 * humanize.MiByte,
@@ -2136,6 +2136,10 @@ func (a adminAPIHandlers) HealthInfoHandler(w http.ResponseWriter, r *http.Reque
 	getAndWriteObjPerfInfo := func() {
 		if query.Get(string(madmin.HealthDataTypePerfObj)) == "true" {
 			concurrent := 32
+			if runtime.GOMAXPROCS(0) < concurrent {
+				concurrent = runtime.GOMAXPROCS(0)
+			}
+
 			size := 64 * humanize.MiByte
 			autotune := true
 
@@ -2162,12 +2166,6 @@ func (a adminAPIHandlers) HealthInfoHandler(w http.ResponseWriter, r *http.Reque
 				defer deleteObjectPerfBucket(objectAPI)
 			}
 
-			// Freeze all incoming S3 API calls before running speedtest.
-			globalNotificationSys.ServiceFreeze(ctx, true)
-
-			// unfreeze all incoming S3 API calls after speedtest.
-			defer globalNotificationSys.ServiceFreeze(ctx, false)
-
 			opts := speedTestOpts{
 				throughputSize:   size,
 				concurrencyStart: concurrent,
@@ -2189,19 +2187,12 @@ func (a adminAPIHandlers) HealthInfoHandler(w http.ResponseWriter, r *http.Reque
 				return
 			}
 
-			nsLock := objectAPI.NewNSLock(minioMetaBucket, "netperf")
-			lkctx, err := nsLock.GetLock(ctx, globalOperationTimeout)
-			if err != nil {
-				healthInfo.Perf.Error = "Could not acquire lock for netperf: " + err.Error()
-			} else {
-				defer nsLock.Unlock(lkctx.Cancel)
-
-				netPerf := globalNotificationSys.Netperf(ctx, time.Second*10)
-				for _, np := range netPerf {
-					np.Endpoint = anonAddr(np.Endpoint)
-					healthInfo.Perf.NetPerf = append(healthInfo.Perf.NetPerf, np)
-				}
+			netPerf := globalNotificationSys.Netperf(ctx, time.Second*10)
+			for _, np := range netPerf {
+				np.Endpoint = anonAddr(np.Endpoint)
+				healthInfo.Perf.NetPerf = append(healthInfo.Perf.NetPerf, np)
 			}
+
 			partialWrite(healthInfo)
 		}
 	}
diff --git a/cmd/perf-tests.go b/cmd/perf-tests.go
index 985470994..bdf527479 100644
--- a/cmd/perf-tests.go
+++ b/cmd/perf-tests.go
@@ -87,7 +87,7 @@ func selfSpeedtest(ctx context.Context, size, concurrent int, duration time.Dura
 		uploadsCancel()
 	}()
 
-	objNamePrefix := uuid.New().String() + "/"
+	objNamePrefix := uuid.New().String() + SlashSeparator
 
 	userMetadata := make(map[string]string)
 	userMetadata[globalObjectPerfUserMetadata] = "true"
@@ -98,7 +98,11 @@ func selfSpeedtest(ctx context.Context, size, concurrent int, duration time.Dura
 			defer wg.Done()
 			for {
 				reader := newRandomReader(size)
-				info, err := client.PutObject(uploadsCtx, globalObjectPerfBucket, fmt.Sprintf("%s%d.%d", objNamePrefix, i, objCountPerThread[i]), reader, int64(size), minio.PutObjectOptions{UserMetadata: userMetadata, DisableMultipart: true}) // Bypass S3 API freeze
+				tmpObjName := fmt.Sprintf("%s%d.%d", objNamePrefix, i, objCountPerThread[i])
+				info, err := client.PutObject(uploadsCtx, globalObjectPerfBucket, tmpObjName, reader, int64(size), minio.PutObjectOptions{
+					UserMetadata:     userMetadata,
+					DisableMultipart: true,
+				}) // Bypass S3 API freeze
 				if err != nil {
 					if !contextCanceled(uploadsCtx) && !errors.Is(err, context.Canceled) {
 						errOnce.Do(func() {
diff --git a/cmd/speedtest.go b/cmd/speedtest.go
index 6d5d615b1..6fe67a322 100644
--- a/cmd/speedtest.go
+++ b/cmd/speedtest.go
@@ -19,6 +19,8 @@ package cmd
 
 import (
 	"context"
+	"fmt"
+	"net/url"
 	"sort"
 	"time"
 
@@ -60,6 +62,17 @@ func objectSpeedTest(ctx context.Context, opts speedTestOpts) chan madmin.SpeedT
 				if throughputHighestResults[i].Error != "" {
 					errStr = throughputHighestResults[i].Error
 				}
+
+				// if the default concurrency yields zero results, throw an error.
+				if throughputHighestResults[i].Downloads == 0 && opts.concurrencyStart == concurrency {
+					errStr = fmt.Sprintf("no results for downloads upon first attempt, concurrency %d and duration %s", opts.concurrencyStart, opts.duration)
+				}
+
+				// if the default concurrency yields zero results, throw an error.
+				if throughputHighestResults[i].Uploads == 0 && opts.concurrencyStart == concurrency {
+					errStr = fmt.Sprintf("no results for uploads upon first attempt, concurrency %d and duration %s", opts.concurrencyStart, opts.duration)
+				}
+
 				result.PUTStats.Servers = append(result.PUTStats.Servers, madmin.SpeedTestStatServer{
 					Endpoint:         throughputHighestResults[i].Endpoint,
 					ThroughputPerSec: throughputHighestResults[i].Uploads / uint64(durationSecs),
@@ -171,9 +184,19 @@ func driveSpeedTest(ctx context.Context, opts madmin.DriveSpeedTestOpts) madmin.
 		return tmpPaths
 	}()
 
+	scheme := "http"
+	if globalIsTLS {
+		scheme = "https"
+	}
+
+	u := &url.URL{
+		Scheme: scheme,
+		Host:   globalLocalNodeName,
+	}
+
 	perfs, err := perf.Run(ctx, paths...)
 	return madmin.DriveSpeedTestResult{
-		Endpoint: globalLocalNodeName,
+		Endpoint: u.String(),
 		Version:  Version,
 		DrivePerf: func() (results []madmin.DrivePerf) {
 			for idx, r := range perfs {