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Fly News Breaks for July 21, 2016
FFIV
Jul 21, 2016 | 07:03 EDT
Credit Suisse analysts led by Sami Badri downgraded F5 Networks to Neutral following the Q3 report given product revenue growth is now flat-to-down driven by the transition from physical to virtual ADCs and fair valuation. The analyst said investors should not rely on speculation of a takeout to drive shares higher given mature legacy IT companies are acquired between 3-4x sales, where F5 shares currently trade.
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