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Why F5 Stock Fell Sharply on Wednesday

TheMotleyFool

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Why F5 Stock Fell Sharply on WednesdayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of cloud security company F5 (NASDAQ: FFIV) tumbled on Wednesday. The tech stock fell as much as 14.8%. But as of 11:15 a.m. ET, the stock was down about 11%.

F5 stock's decline follows the company's earnings report on Tuesday afternoon. While the company's revenue and non-GAAP (adjusted) earnings per share for the period were both higher than analysts' consensus forecasts, the company's move to cut its fiscal 2022 revenue growth outlook likely spooked some investors.

Image source: Getty Images.

Source Fool.com

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