F5 Getting Crushed On Revenue Miss (FFIV)

F5 Networks

is getting crushed after reporting earnings on Wednesday. The company reported EPS of $0.88 on revenue of $268.9 million. This compared with consensus EPS estimates of $0.83 on revenue of $270.34 million. That revenue miss, and quite frankly only marginal EPS number, is killing this stock in the late trading session. FFIV shares have lost more than 17% and are currently trading at $114.88. This cannot be a complete surprise to shareholders. FFIV has been priced for perfection for quite awhile now. After seeing a high-flier like F5 miss their quarter, aggressive traders may want to take shots on the short side at some other richly valued names that don't have much room for error.