Needham & Company Downgrades Mavenir Systems (MVNR) to Hold Amid Takeover

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March 3, 2015 3:06 PM EST
Get Alerts MVNR Hot Sheet
Price: $17.50 --0%

Rating Summary:
    4 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 34
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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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