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Credit Suisse upgrades F5 Networks, says buy the dip in the cybersecurity stock

Rafael Henrique | LightRocket | Getty Images

Investors are missing the broad strength of cybersecurity company F5 Networks and a recent pullback has created a buying opportunity, according to Credit Suisse.

The stock has struggled since the company's most recent earnings report in late April, with shares falling more than 8% and Wall Street analysts raising concern about software growth.

Analyst Sami Badri upgraded the stock to overweight from neutral, saying in a note to clients on Thursday that a recent conversation with management had increased Credit Suisse's confidence in the direction of F5.

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