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Fly News Breaks for January 24, 2019
FFIV
Jan 24, 2019 | 06:07 EDT
Piper Jaffray analyst James Fish lowered his price target for F5 Networks to $157 and reiterates an Underweight rating on the shares following last night's fiscal Q1 results. F5 reported "mixed" results as revenue and leading indicators "were weaker, while the company continued to operationally execute," Fish tells investors in a post-earnings research note. Product revenue missed expectations against an easy comp as the Service Provider vertical was "especially weak," adds the analyst.
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