BUZZ-F5 shares fall as fiscal year 27 revenue growth forecast misses market expectations

October 28 -

** Cybersecurity company F5 Inc (FFIV.O) shares fell 18.3% to $375.36, heading for the largest single-day drop since April 2013.

** The stock dropped below its 100-day moving average for the first time since February this year.

** The 100-day moving average is a closely watched indicator of a stock's long-term trend.

** Despite strong results, the company's share price still declined because its fiscal 2027 revenue growth forecast of 8%-9% fell short of investors’ expectations of over 10%—according to Piper Sandler.

** FFIV reported adjusted fourth-quarter earnings per share of $4.42 and fourth-quarter revenue of $917 million, both above analysts' estimates of $4.26 and $883.8 million.

** Piper Sandler downgraded its rating from “Overweight” to “Neutral,” citing the imminent end of the iSeries product refresh cycle, potential peak in product growth, and a lack of major short-term catalysts.

** Of the 14 brokerages covering the stock, 5 gave it a “Buy” or higher rating, 8 gave a “Hold,” and 1 gave a “Sell”; the median price target is $448—data compiled by LSEG.

** Including today's price movement, FFIV is up more than 47% for the year to date.

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