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Acme Packet (APKT -7.1%) slumps to multi-year lows following a downgrade to Hold from Jefferies'...

Acme Packet (APKT -7.1%) slumps to multi-year lows following a downgrade to Hold from Jefferies' James Kisner. After conducting checks, Kisner is worried the near-term unwillingness of North American carriers (i.e. AT&T and Verizon) to invest in their wireline networks, in favor of spending more on mobile, will make it hard for Acme to hit 2H estimates. Acme has already crashed due to delayed North American orders, and F5 and Finisar have recently been hit by concerns about soft telco capex.
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