00:00F5 plunged 20.46% today, despite better-than-expected results.
00:06The company provides software and network equipment that help businesses secure, manage, and reliably deliver applications across data centers and
00:16cloud environments.
00:18F5 dropped 20.5% today after its quarterly report, even though the results themselves topped expectations.
00:26Yahoo! reported revenue of $917.4 million, up 13.3%, while non-gap profit of $4.42 per share beat
00:39consensus and next-quarter revenue guidance came in 0.7% above estimates.
00:46The company's SEC filing also showed product revenue growth of 23%.
00:53Why it matters? The sell-off created a sharp contradiction between respectable reported results and the market's reaction.
01:02Technology rose 0.84% today, so this move ran against its own sector.
01:08More on FFIV, full recap linked.
