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Fly News Breaks for September 25, 2015
FFIV
Sep 25, 2015 | 07:01 EDT
Raymond James downgraded F5 Networks to Market Perform due to increased concerns about greater rates of cloud adoptions. Following VMworld, Analyst Simon Leopald views enterprise application migration to the cloud as a greater headwind to F5's growth and lowered estimates. Leopald said large enterprises have historically represented a significant portion of F5's sales and is impressed by the degree of applications moving to the cloud.