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Fly News Breaks for December 11, 2015
CSCO, FFIV
Dec 11, 2015 | 06:49 EDT
Citi analyst Jim Suva recommends a pair trade of long Cisco (CSCO), short F5 Networks (FFIV). Consensus estimates for F5 are "materially too high," Suva tells investors in a research note. He cut his price target for the stock to $95 from $105 and keeps a Sell rating on the name. Overall IT spending in 2016 is expected to remain "tepid" at up 3% in constant currency terms, the analyst writes in his IT Hardware preview for next year.
News For FFIV;CSCO From the Last 2 Days
