Pacific Crest Downgrades CSCO, RVBD, EMC, ARUN, APKT, MERU to Sector Perform, HPQ, BRCD, ELX to Underperform

In the Computer Network space Thursday morning, Pacific Crest's Brent Bracelin downgraded a number of stocks.

From Outperform to Sector Perform:

• Riverbed (Nasdaq: RVBD)
  
• Cisco (Nasdaq: CSCO)
  
• EMC (NYSE: EMC)
  
• Aruba Networks (Nasdaq: ARUN)
  
• Acme Packet (Nasdaq: APKT)
  
• Meru Networks (Nasdaq: MERU)

From Sector Perform to Underperform:

• HP (NYSE: HPQ)
  
• Brocade (Nasdaq: BRCD)
  
• Emulex (NYSE: ELX)

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