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Fly News Breaks for July 26, 2018
FFIV
Jul 26, 2018 | 08:36 EDT
MKM Partners analyst Michael Genovese raised his price target on F5 Networks to $178 and kept his Neutral rating, saying the company's Q3 earnings beat was modest on "below the line" items, while the outlook for Q4 was also in line on revenues and gross margins. The analyst believes that the stock price could consolidate, as an "in line" report for F5 is not likely to sustain the recent strong upside momentum. Genovese further notes that while Q3 government sales for the company were strong, its Telco and Enterprise performance was "not as good".
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