Needham & Company Downgrades Mavenir Systems (MVNR) to Hold Amid Takeover
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Price: $17.50 --0%
Rating Summary:
4 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Rating Summary:
4 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
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Needham & Company downgraded Mavenir Systems (NYSE: MVNR) from Buy to Hold after the company announced a definitive agreement to be purchased by Mitel in a cash and stock deal valuing the company at $17.94/sh.
For an analyst ratings summary and ratings history on Mavenir Systems click here. For more ratings news on Mavenir Systems click here.
Shares of Mavenir Systems closed at $16.82 yesterday.
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