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Fly News Breaks for August 2, 2017
ULTI
Aug 2, 2017 | 08:25 EDT
After Ultimate Software reported weaker than expected results and cut its guidance, Stifel analyst Brad Reback thinks that the results were caused by longer sales cycles. The analyst expects the company to adapt to this problem, and he says its checks show that the miss was not caused by "any changes in demand, competition, or pricing" He continues to be upbeat on the company's fundamentals and recommends buying the shares on weakness.
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