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F5 Could More Than Double As Solid Demand Trends Continue & Supply Constrains Start To Ease, Needham Says

F5 Could More Than Double As Solid Demand Trends Continue & Supply Constrains Start To Ease, Needham Says

Needham表示，随着强劲的需求趋势持续和供应限制开始缓解，F5可能会增加一倍以上
Benzinga Real-time News ·  2022/09/23 15:26
  • Needham analyst Alex Henderson reiterated a Buy and $303 price target on F5, Inc (NASDAQ:FFIV).
  • F5 was careful not to update conditions post its last earnings call, but he sensed that demand was vital for Security and Systems.
  • Supply remains a significant constraint and has not improved materially, but it seems there was improvement at the margin.
  • F5 highlights solid redesign progress, which should start to help in the FY1Q/CY4Q quarter and ramp across FY23.
  • Also Read: AI 'Transformed' This Networking Firm. Cisco May Want To Take Note, Analyst Says
  • In addition, the software/feature work on the new rSeries systems continues to make solid progress and is gradually opening customer sales opportunities.
  • On Security and Software, F5 is pretty straightforward.
  • Demand remains strong, the pipeline is robust, and the macro conditions are not impacting the trajectory.
  • FFIV shares have corrected more than other networking names, and surprisingly, based on his estimates, FFIV trades at a discount to Extreme Networks, Inc (NASDAQ:EXTR) and Juniper Networks, Inc (NYSE:JNPR) on CY23 EV/E and Cisco Systems, Inc (NASDAQ:CSCO) on CY24.
  • Price Action: FFIV shares traded lower by 2.20% at $142.46 on the last check Friday.
  • 李约瑟分析师Alex Henderson重申了买入和303美元的目标价F5，Inc.(纳斯达克：FFIV)。
  • F5在上一次财报电话会议后小心翼翼地没有更新条件，但他感觉到需求对安全和系统至关重要。
  • 供应仍然是一个重要的制约因素，没有实质性的改善，但似乎出现了边际改善。
  • F5强调了坚实的重新设计进展，这应该会在FY1Q/Y4Q季度开始帮助，并在整个FY23财年发挥作用。
  • 也请阅读: 人工智能“改造”了这家网络公司。分析师称，思科可能想要做笔记
  • 此外，新的rSeries系统的软件/功能工作继续取得扎实进展，并逐渐打开客户销售机会。
  • 在安全和软件方面，F5非常简单。
  • 需求仍然强劲，管道强劲，宏观条件没有影响到这一轨迹。
  • FFIV的股票比其他网络公司纠正的更多，令人惊讶的是，根据他的估计，FFIV的交易价格低于Extreme Networks公司(纳斯达克：extr)和瞻博网络公司(纽约证券交易所股票代码：JNPR)在23号EV/E和思科股份有限公司(纳斯达克：思科)，24月24日。
  • 价格行动：在周五的最后一次检查中，FFIV的股价下跌了2.20%，至142.46美元。
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