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F5's Software Business Remain Vulnerable To Supply Chain & Macro Headwinds, Analyst Says Post Q1 Results

Benzinga LogoBenzinga3d ago

F5's Software Business Remain Vulnerable To Supply Chain & Macro Headwinds, Analyst Says Post Q1 Results - Benzinga

Quick Summary:

KeyBanc analyst Thomas Blakey maintained F5 Inc (NASDAQ: FFIV) with an Overweight and lowered the price target from $190 to $182.

The re-rating reflected macro-related pressures on F5's software business, particularly new software business, tied to considerable software project delays at customers. 

The analyst's FY23E EPS remains relatively unchanged on opex controls and expanding GM, and lowered FY24 forecasts out of conservatism due to NT macro pressures and inconsistent results from the company. 


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 18:42:26 (3 days ago)

News Timezone: GMT +8:00

Ranking: #1606 (out of 4917 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 13 words

Reading Time: 1 minutes read

Sentences: 2 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 4786246

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 10 posts per day

Year Established: 2010

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News Last Updated: 17 hours ago

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Publisher ID: #53

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