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Fly News Breaks for April 27, 2017
FFIV
Apr 27, 2017 | 06:15 EDT
Piper Jaffray analyst Troy Jensen views F5 Networks' March quarter as "modestly disappointing" and lowered his price target for the shares to $144 from $154. The analyst, however, reiterates an Overweight rating on the name. While shares are likely to trade down on a lowered earnings assumption, product growth can continue to accelerate throughout the year given the "broad product refresh and new product introductions," Jensen tells investors in a research note.
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