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Fly News Breaks for November 10, 2017
UBNT
Nov 10, 2017 | 07:43 EDT
BMO Capital analyst Tim Long lowered his price target on Ubiquiti to $60 and kept his Market Perform rating following Q1 earnings. Long says the results were consistent with the positive pre-announcement, but FY18 outlook was weak and implies a challenging ramp amid limited visibility. The analyst notes that while the Enterprise segment strength is driven by higher priced offerings, the Service Provider segment was soft.
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