F5 Networks price target lowered to $182 from $204 at RBC Capital

RBC Capital lowered the firm’s price target on F5 Networks to $182 from $204 and keeps a Sector Perform rating on the shares. The company’s results were mixed with top-line metrics below expectations and lower than expected Q3 guidance, making a tougher Q4 setup, the analyst tells investors in a research note. RBC adds however that there is potential upside to estimates for F5 Networks, given conservative assumptions around upsell to the renewal base and the potential for improving macros.