Wedbush Starts OPNET Technologies (OPNT) at Neutral; Short-Term Pain, Long-Term Gain

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Wedbush initiates coverage on OPNET Technologies (NASDAQ: OPNT) with a Neutral. PT $29.00.

Analyst, Sanjut Singh, said, "We believe the weakening IT spending environment in the U.S.; deteriorating demand in Europe, and significant uncertainty regarding federal IT budgets poses near-term risks to estimates. Looking beyond the current uncertainty, however, we believe the company is well-positioned to deliver double-digit growth, margin expansion and share gains over the long term owing to Opnet’s comprehensive solution."

For an analyst ratings summary and ratings history on OPNET Technologies click here. For more ratings news on OPNET Technologies click here.

Shares of OPNET Technologies closed at $26.22 yesterday, with a 52 week range of $22.08-$47.97.

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