Zacks Investment Research upgraded shares of MERU NETWORKS (MERU) from NEUTRAL to OUTPERFORM on May 09, 2013, with a target price of $5.10.
Meru Networks, Inc., headquartered in Sunnyvale, California, engages in the development and marketing of a virtualized wireless LAN solution. The Company's solution represents an approach to wireless networking that utilizes virtualization technology to create a self-monitoring wireless network, and enables enterprises to migrate their business-critical applications from wired networks to wireless networks, and become all-wireless enterprises. Meru Networks also offers products designed to deliver centralized network management, predictive, and proactive diagnostics, as well as enhanced security. The Company sells its products and services to education, finance, government, healthcare, hospitality, manufacturing, retail, technology, telecom, transportation, and utilities markets primarily through value-added resellers, distributors, and sales force. Meru Networks, Inc. has operations in the Americas, Europe, the Middle East and Asia Pacific.
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