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Why F5 Stock Fell Sharply on Wednesday

TheMotleyFool

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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.

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Source Fool.com

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