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Fly News Breaks for September 10, 2019
VMW, FFIV
Sep 10, 2019 | 06:12 EDT
Piper Jaffray analyst James Fish views the details in VMware's (VMW) quarterly filing last night around its completed Networks acquisition as positive for F5 Networks (FFIV). The analyst now believes, based on the purchase price, that Avi Networks was only capturing $20M of annual revenue compared to previous expectations of $50M-plus. The former standalone Avi threat appears to have admittedly been overblown, Fish tells investors in a research note. He sees bullish implications for F5 and keeps an Overweight rating on the shares.
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