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Fly News Breaks for October 24, 2019
FFIV
Oct 24, 2019 | 06:26 EDT
Barclays analyst Tim Long raised his price target for F5 Networks to $170 from $160 saying the company's fiscal Q4 results were above expectations, and "looked a lot like last quarter." The company's move to a software model is accelerating, with software growth of 91% and services growth of 6% offsetting a hardware decline of 15%, Long tells investors in a research note. He maintains an Overweight rating on F5 Networks.