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Fly News Breaks for April 12, 2016
FFIV
Apr 12, 2016 | 07:15 EDT
MKM Partners analyst Michael Genovese's checks indicate F5 Networks had similar heightened levels of deal push outs in North America at the end of Q2 as it did at the end of Q1. The analyst said new Public and Hybrid Cloud related technology options are likely the cause of much of the customer decision delay. Genovese trimmed estimates but raised his price target to $106 from $100 due to an increase in multiple and maintains his Neutral rating.
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