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Fly News Breaks for February 21, 2019
CBLK
Feb 21, 2019 | 07:15 EDT
KeyBanc analyst Rob Owens maintained an Overweight rating on Carbon Black and cut his price target to $21 from $25. In a research note to investors, Owens says that despite posting upside to revenue and earnings during the quarter, bookings results failed to meet expectations due to a rapid product transition in 2018 and subsequent elongation of sales cycles. Despite initial disappointment, Owens contends that cloud momentum offers optimism.
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