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Fly News Breaks for December 2, 2015
FFIV
Dec 2, 2015 | 06:51 EDT
Deutsche Bank analyst Vijay Bhagavath believes shares of F5 Networks could benefit from an accelerated buyback program. A "modest" $200M-plus accelerated buyback could boost the company's FY16 earnings growth view from "mid single digit" to "double digit," Bhagavath tells investors in a research note. He thinks double digit earnings growth in a period of slow topline growth could create a "bridge" for shares until F5's fundamentals improve. The analyst keeps a Buy rating on the name with a $140 price target.
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