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Fly News Breaks for July 31, 2019
FEYE
Jul 31, 2019 | 08:33 EDT
BofA/Merrill analyst Tal Liani kept his Buy rating and $20 price target on FireEye, saying that while the company's weak Q3 guidance sent the stock price down by 15% afterhours, he sees "any weakness" as a "buying opportunity". The analyst believes that the margin pressure driven by migration from private to public clouds is "transitory" and sees the company's billings trends indicative of "growth resumption".
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