2024-04-30 09:30:48 ET
"Second-quarter results largely underscored our thesis that F5 is somewhat stuck looking for a sustainable growth catalyst," said Wlliam Blair's Sebastien Naji in a Tuesday note. "While macro pressure on IT budgets is not helping (pushing customers to limit new subscriptions and sweat assets longer), we believe F5 is also losing wallet share (particularly with AI-related budget reallocations)."...
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F5 continues tumble as market remains underwhelmed by latest financial outlook