The shorts are right about F5! The earnings report was unambiguously positive for F5. The company beat estimates and reaffirmed revenue guidance for next quarter, YET the stock reversed and closed down 2%. The fact that SKYY (Cloud ETF) was lower, VM Ware tanked the other day, and F5 could not rally at least over $110 suggests that a repricing of this whole sector is taking place and institutional investors are betting that CAPEX or information infrastructure spending will probably come in light this year. Technically, I can see F5, like VMW, retest the $97 to $98 area to fill in the gap. Isn't it strange that both VMW and FFIV have gap ups very similar to each other?
That's a bold statement just before earnings, do you have some inside news? Looks like all indicators are showing that we will be in line, or slightly ahead of estimates, but maybe you got some inside data, please share.