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Fly News Breaks for January 25, 2018
FFIV
Jan 25, 2018 | 06:30 EDT
DA Davidson analyst Mark Kelleher raised his price target on F5 Networks to $167 and kept his Buy rating after a Q1 earnings beat and above-consensus Q2 guidance. Kelleher says the results support his thesis of the company in the midway of its new iSeries product cycle that's helping generate high gross margins and cash flows. The analyst also notes that F5's "application security solutions are leading the way into public cloud", forecasting "incremental opportunities in software as these solutions mature".
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