Meru Networks, Inc. (MERU) Misses Q1 EPS by 4c

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William Blair Downgrades Meru Networks (MERU) to Market Perform

April 29, 2014 6:40 AM EDT

William Blair downgraded Meru Networks (NASDAQ: MERU) from Outperform to Market Perform on a variety of issues that makes them question the company's turnaround potential.

Analyst Jason Ader said fundamental concerns include: 1) failure to increase revenue two years into a turnaround and in a favorable... More