India, Oct. 28 -- Shares of F5, Inc. (FFIV) plunged nearly 19% on Wednesday morning after reporting fourth-quarter results, as profit declined from a year earlier, despite 13 revenue growth.
The stock is trading at $372.34, down $87.02 or 18.95%, on the Nasdaq. It opened at $421.30 after closing the previous session at $459.36. The stock has traded between $223.76 and $483.30 over the past 52 weeks.
Fourth-quarter revenue increased to $917 million from $810 million a year earlier, driven by 23% growth in product revenue. However, net income slipped to $186 million from $190 million, while earnings per share declined to $3.23 from $3.26. Adjusted earnings were $4.42 per share, compared with $4.39 a year earlier.
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