Acme Packet (APKT) Shares Lower as Cowen Downgrades to Neutral

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Shares of Acme Packet (NASDAQ: APKT) are trading down nearly 2 percent in Monday's pre-open session as an analyst at Cowen and Company downgraded the stock from Outperform to Neutral earlier.

The lowered investment recommendation follows a Q2 warning on Friday of last week and the resulting 14.5 percent decline.

Acme Packet shares last traded at $15.45 after closing at $15.74 on Friday.

For an analyst ratings summary and ratings history on Acme Packet click here. For more ratings news on Acme Packet click here.

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