J.P. Morgan Maintains Neutral on Powerwave Technologies

J.P. Morgan is out with its report today on Powerwave Technologies (NASDAQ: PWAV), maintaining Neutral.

In its report, J.P. Morgan writes, "We believe Powerwave may be able to meet its financial obligations and return to profitability which could result in future share price appreciation. However, we are dubious toward the potential for sustained long-term profitability and value creation. Hence we believe shares deserve our Neutral rating."

At the time of posting, shares of PWAV were trading pre-market at $0.91, down 37.67% from Tuesday's close.