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F5 stock suffers worst day in more than a decade as AI spending shakes investors
F5 shares fell about 20% Wednesday after the company forecast slower revenue growth and lower margins for fiscal 2027, despite beating Wall Street's estimates for its fiscal fourth quarter.
AI Summary
F5’s stock dropped about 20% on Wednesday after the company projected slower revenue growth and reduced margins for fiscal 2027, even though it had outperformed Wall Street’s expectations for its fiscal fourth quarter. In response to the outlook, F5 announced it will double the size of its specialist AI security sales team and increase its marketing spend in that segment by more than double. The sharp decline marked the company’s worst trading day in over a decade.
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