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Fly News Breaks for November 3, 2015
DWRE
Nov 3, 2015 | 08:23 EDT
Stephens analyst Alex Zukin noted that Demandware reported better than expect Q3 results, but he believes the company's lowered subscription revenue guidance will likely weigh on shares today. Zukin has reduced estimates for next year based on the guidance and lowered his price target on the stock to $63 from $75, but reiterates his Overweight rating as he believes Demandware should continue to be profitable while sustaining growth of over 30%.
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