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Fly News Breaks for June 2, 2015
BLOX
Jun 2, 2015 | 08:20 EDT
After attending Infoblox's Analyst Day, JMP Securities is more upbeat on the company's growth outlook. The firm thinks the company's sales execution is improving, while its security products are driving accelerated growth. The firm adds that it supports the company's plan to allow some of its customers to continue receiving support for its -A product - which is supposed to be phased out on December 31 - in 2016. The firm keeps a $32 price target and Outperform rating on the stock.
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