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Fly News Breaks for December 20, 2019
FFIV
Dec 20, 2019 | 07:23 EDT
Credit Suisse analyst Sami Badri lowered the price target on F5 Networks shares to $163 from $192 after the company announced a deal to acquire Shape Security for $1B, which is about 8% dilutive to FY20 EPS. Shape Security offers best-in-class application security and fraud prevention solutions and is a complementary business to F5, said Badri, who keeps an Outperform rating on the stock.
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