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Fly News Breaks for July 17, 2015
SWI
Jul 17, 2015 | 07:34 EDT
Cowen noted the license revenue shortfall in Q2 for SolarWinds, which it called surprising, and as a result believes the weakness in the shares is justified. However, in the past, management has demonstrated its ability to adapt and the firm feels the weakness has created an attractive entry point. Cowen reiterated its Outperform rating and $48 price target on SolarWinds shares.
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