CNBC Pro

Goldman downgrades F5 Networks to sell, says stock could be a reopening loser

Share
Rafael Henrique | LightRocket | Getty Images

F5 Networks could struggle to hit its growth targets as workers return to the office after vaccinations, chipping away at a key part of its business, according to Goldman Sachs.

After rising nearly 26% last year, the tech stock has gained about 5% this year, underperforming the broader market.

Analyst Rod Hall downgraded the stock to sell from neutral, saying in a note to clients that F5 will struggle to compete with cloud-based companies.

More In Street Calls

CNBC ProHere are Thursday's biggest analyst calls of the day: Netflix, Royal Caribbean, Disney & more
CNBC ProCiti downgrades Voya to neutral, says financial stock lacks catalysts to catch up to its peers
CNBC ProCitigroup has a quite unusual play for the surge in oil prices — Boot Barn