F5 tumbles on weak fiscal 2027 guidance, Piper Sandler downgrade
-20.43% to $365.53 from $459.36
What moved FFIV
- F5 guided to fiscal 2027 non-GAAP earnings of $18 to $18.30 per share, roughly in line with the $18.03 FactSet consensus, but investors focused on margin pressure.
- The company projected non-GAAP gross margin of 80.5% to 82.5%, down from the 84% reported in its latest quarter.
- Piper Sandler downgraded the stock to neutral from overweight.
- Shares fell about 19% following the report.
Sources: Investing.com · CNBC