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F5 Networks price target lowered to $177 from $187 at Cowen

Cowen analyst Paul Silverstein lowered the firm’s price target on F5 Networks to $177 from $187 and keeps an Outperform rating on the shares. The analyst said its disappointing 2023 outlook especially regarding software, plus a healthy amount of risk thereto given the increased budget scrutiny, and more pervasive project delays cited by F5 Networks leads the firm to further reduce estimates.

Published first on TheFly

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