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Fly News Breaks for August 28, 2015
RDWR, FFIV, ANET, CIEN, JNPR, COMM, CSCO
Aug 28, 2015 | 07:17 EDT
Wells Fargo says that the 10% selloff in communication technology stocks over the last two weeks has probably created an attractive entry point. The firm expects the sector's fundamentals to stay "healthy" through 2H15, as its checks show that the outlook for enterprises' network spending in North America and Europe has improved. Wells expects carriers' spending to rise slightly in 2H15 versus 1H15. It continues to recommend that investors buy the shares of Cisco (CSCO), Commscope Holding (COMM), Juniper (JNPR), Ciena (CIEN),Arista Networks (ANET), F5 Networks (FFIV), and Radware (RDWR).
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