Chardan Capital Markets Downgrades iPass Inc. (IPAS) to Neutral

Chardan Capital Markets downgraded iPass Inc. (NASDAQ: IPAS) from Buy to Neutral.

Analyst James McIlree commented, "We are lowering our recommendation on iPass to Neutral from Buy. While we remain constructive on the company’s transition to its Unlimited pricing plan we have under-estimated the take-up of the Unlimited plan by enterprise customers as well as by customers brought on by the company’s strategic partners. This has results in a more muted revenue and EBITDA growth."

For an analyst ratings summary and ratings history on iPass Inc. click here. For more ratings news on iPass Inc. click here.

Shares of iPass Inc. closed at $1.64 yesterday.

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