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Fly News Breaks for June 1, 2018
ELLI
Jun 1, 2018 | 07:11 EDT
KeyBanc analyst Brent Bracelin noted that Ellie Mae announced last night the departure of CFO Matt LaVay, stating that while a CFO departure typically increases near-term execution risk, he sees an internal controller being the replacement and the former CFO being an acting advisor limiting the potential fallout. Bracelin maintains an Overweight rating on Ellie Mae shares.
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