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Fly News Breaks for November 13, 2019
SSTI
Nov 13, 2019 | 08:46 EDT
Northland analyst Tyler Wood noted that ShotSpotter cut FY19 guidance below expectations as sales cycles, particularly international, extend longer than expected and that its preliminary FY20 outlook also missed expectations. Following the Q3 report and guidance, Wood keeps a Market Perform rating on ShotSpotter shares and lowered his price target on the stock to $25 from $40.
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