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Fly News Breaks for April 27, 2017
FFIV
Apr 27, 2017 | 06:00 EDT
Deutsche Bank analyst Vijay Bhagavath is calling for shares of F5 Networks to head back to the $100 following the company's "disappointing" Q2 results and "meaningfully weak" Q3 guidance. F5 last night traded down $10.80 to $126.50 post earnings. The analyst expects a deceleration in Product and Services revenues heading into the second half of 2017. He notes that F5 shares traded around $100 before takeout speculation hit the tape last year. Bhagavath keeps a Sell rating on the company with a $100 price target.
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