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Fly News Breaks for May 11, 2018
QADA
May 11, 2018 | 08:48 EDT
William Blair analyst Bhavan Suri says he left Qad Inc.'s Explore Conference "incrementally more confident" in the company's ability to sustain subscription revenue growth of 30%-plus over the next few years. Increasing acceptance of cloud solutions and an improving manufacturing backdrop create favorable secular trends in the manufacturing industry, Suri tells investors in a research note. He continues to believe shares of Qad remain undervalued and keeps an Outperform rating on the name.
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