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Fly News Breaks for July 27, 2017
FFIV
Jul 27, 2017 | 06:25 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for F5 Networks to $121 saying the company reported another quarter of "modestly disappointing results" with revenue below expectations for the June quarter and September quarter guidance also below consensus. Product demand was soft in the quarter and the product refresh opportunity seems to be losing momentum, Jensen tells investors in a post-earnings research note. He keeps a Neutral rating on the shares.
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