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Fly News Breaks for December 9, 2015
FFIV
Dec 9, 2015 | 06:39 EDT
Nomura analyst Jeffrey Kvaal downgraded F5 Networks to Reduce and lowered his price target on shares to $90 from $110 on shares. Kvaal cut estimates well below consensus and said expectations for a seasonal recovery from F5 Networks' weak Q1 are overly optimistic given the company's choppy macro view and a pending refresh cycle that is unlikely to restore material revenue growth.