Loading...
Loading...
Deutsche Bank has downgraded Acme Packet
APKT from Buy to Hold and has lowered the price target from $50 to $30 in a research report out last evening.
In the report, Deutsche Bank writes, "Acme negatively pre-announced tonight. They noted weak demand from North American carriers, and we believe pockets of softness in Asia as well. We still think the SBC opportunity is meaningful; the next growth catalyst likely from VoLTE rollouts at Verizon etc."
Shares of Acme Packet are trading at $25.42, down 20.10% from yesterday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in