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Fly News Breaks for January 28, 2020
FFIV
Jan 28, 2020 | 09:14 EDT
MKM Partners analyst Michael Genovese lowered his price target on F5 Networks to $144 and kept his Neutral rating, saying that while the company beat on Q1 earnings, the dilution related to its $1B Shape Security acquisition is higher than he anticipated. The analyst adds that F5 Networks' enterprise customer sales at 65% of the total marked a "nice recovery" sequentially from 61% in Q4, though the company's international markets still performed better that the Americas in Q1.
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