Velti (VELT -8.3%) is off sharply after receiving a downgrade to Neutral from Janney, which...

|By:, SA News Editor

Velti (VELT -8.3%) is off sharply after receiving a downgrade to Neutral from Janney, which cites ongoing weakness in Europe. The mobile ad agency, which reports after the close on Nov. 14, derived 55% of its Q2 revenue from Europe (including the U.K.). Americas sales, which made up 29% of revenue, are growing much faster.