Piper Sandler raised the firm’s price target on F5 Networks (FFIV) to $355 from $304 and keeps a Neutral rating on the shares. The firm notes that shares were pointed up about 10% after-hours, and rightfully so, as F5 reported an even stronger beat than anticipated, with Systems coming in materially above expectations. Piper says it would be more constructive at a lower level.
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