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Fly News Breaks for October 28, 2016
TYL
Oct 28, 2016 | 09:04 EDT
After Tyler reported lower than expected revenue and the stock fell sharply, Pacific Crest analyst Brent Bracelin says that the company's backlog remains strong, and its fundamentals are "healthy." He adds that its EBITDA growth could still exceed 25%, while the compsny has a $13B TAM. He recommends buying the shares on weakness.
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