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Fly News Breaks for October 25, 2018
FFIV
Oct 25, 2018 | 09:28 EDT
BMO Capital analyst Tim Long raised his price target on F5 Networks to $195 and kept his Outperform rating after its "strong" Q1 results. The analyst notes that the company beat on earnings and revenue, as product sales grew for the 2nd straight quarter thanks to the "momentum in software, and surprisingly hardware grew as well". Long expects new products such as Cloud Edition and Big-IP Cloud Edition to ramp up next year, driving additional growth in F5 Networks' software sales.