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Fly News Breaks for December 20, 2019
Dec 20, 2019 | 06:08 EDT
Piper Jaffray analyst James Fish views F5 Networks' $1B acquisition of Shape Security positively. The deal helps the company's software and security transition, addresses a competitive hole in F5's portfolio, and is the acquisition catalyst that investors have been looking for ahead of the analyst day "that removes a large worry on the stock," Fish tells investors in a research note. The analyst adds that while the stock is likely to initially trade down on the near-term dilution, he's positive on the strategic vision and free cash flow accretion. Fish keeps an Overweight rating on F5 Networks with a $168 price target.
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