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Fly News Breaks for January 24, 2019
FFIV
Jan 24, 2019 | 09:01 EDT
MKM Partners analyst Michael Genovese lowered his price target on F5 Networks to $175 and kept his Neutral rating after its Q1 results, saying the earnings miss was driven by the telecommunications segment even though the government sales component was "very strong". The analyst notes that Federal spending was even better than expected despite the shutdown, while the management attributed the weakness in Telco to the timing of the transition to 5G technology.
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