Credit Suisse Modernizes F5 Networks, Says To Buy Down Cybersecurity Stock

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.

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