Credit Suisse Modernizes F5 Networks, Says To Buy Down Cybersecurity Stock
Rafael Henrique | LightRocket | Getty Images
Investors miss the great strength of F5 networks and a recent pullback has created a buying opportunity, according to Credit Suisse.
The stock has struggled since the network security company’s last earnings report in late April, with stocks falling more than 8% and Wall Street analysts worried about software growth.
Analyst Sami Badri upgraded the stock from neutral to overweight, saying in a note to clients on Thursday that a recent conversation with management had bolstered Credit Suisse’s confidence in the direction of the F5.