F5 Networks price target lowered to $155 from $166 at Credit Suisse

Credit Suisse lowered the firm’s price target on F5 Networks to $155 from $166 and keeps a Neutral rating on the shares. The firm notes F5 reported strong Q2 results but lowered the full year guide. The company also suspended its software guidance for the year and lowered its full year revenue growth rate to low-to-mid single digits growth for fiscal 2023 but expressed its plans to sustain double digits EPS growth by managing costs, Credit Suisse points out.