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Fly News Breaks for May 3, 2018
FFIV
May 3, 2018 | 07:28 EDT
JPMorgan analyst Samik Chatterjee started F5 Networks with an Overweight rating and $211 price target. The analyst initiated coverage on the Networking Equipment industry with a favorable growth outlook, partly offset by pricing headwinds from lower cost per bit of data. He believes by F5's leadership position in both physical ADCs and virtual ADCs positions the company well to leverage "strong low-teens growth" in virtual ADCs.
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