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Fly News Breaks for November 20, 2018
TLND
Nov 20, 2018 | 08:39 EDT
BTIG analyst Edward Parker lowered his price target on Talend to $50 after its Q3 earnings miss, below-consensus Q4 guidance, and the company's disappointing FY19 outlook of growth in the "low 20's" vs its prior expectations of at least 27%. The analyst contends that better messaging and transparency are needed from the management, but also attributes the reset to the company's "revenue recognition optics and faster than expected ratable transition, rather than a change in aggregate demand for data integration products." Parker keeps his Buy rating on Talend, adding that "consensus is appropriately optimistic" regarding the company's focus on the cloud integration market.
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