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Fly News Breaks for May 17, 2016
FFIV
May 17, 2016 | 07:06 EDT
As previously reported, Pacific Crest downgraded F5 Networks to Sector Weight from Overweight, saying that a mix shift toward subscription offerings could partially mute a second-half product recovery and noting that cloud pressures are keeping a lid on new on-premise IT upgrades. Analyst Brent Bracelin believes the probability of M&A has increased and prefers to wait to see what's next while the stock's valuation is a current levels.
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