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Enter Symbol:
 
Acme Packet, Inc. (APKT) [hlAlert]

Rating:
Underperform
APKT
down 52.32 %

Acme Packet, Inc. (APKT) downgraded to Underperform with price target $11 by Needham

Posted on: Friday,  Jul 27, 2012  8:25 AM ET by Needham

Needham rated Underperform Acme Packet, Inc. (NASDAQ: APKT) on 07/27/2012, when the stock price was $13.94. Since
then, Acme Packet, Inc. has gained 109.76% as of 03/28/2013's recent price of $29.24.
If you would have followed this Needham's recommendation on APKT, you would have lost 52.32% of your investment in 244 days.

Acme Packet, the leader in session border control solutions, enables service providers to deliver trusted, first class interactive communications voice, video and multimedia sessions across IP network borders. The Companyies Net-Net family has been selected by over three hundred twenty five service providers in nearly seventy countries, including twenty two of the top twenty five wireline and wireless providers in the world, to satisfy critical security, service assurance and regulatory requirements in wireline, cable and wireless networks. These deployments support multiple applications--from VoIP trunking to hosted enterprise and residential services; multiple protocols, and multiple border points interconnect, access network and data center.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/27/2012 8:25 AM Sell
None
13.94 11.00
as of 12/31/2012
1 Week down  -0.86 %
1 Month down  -10.87 %
3 Months down  -29.35 %
1 YTD down  -64.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2012 8:25 AM Hold
None
29.15
1/4/2012 8:25 AM Buy
None
25.95 30.00
10/5/2011 8:25 AM Buy
None
36.06 52.00
4/27/2011 8:25 AM Buy
None
77.23 82.00
2/8/2008 9:25 AM Buy
None
8.16 12.00

(*) Stock Price at the time of the recommendation.
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