Downgrade adds to Veraz woes

The stock of Veraz Networks was downgraded to underperform by Jefferies & Company analyst George Notter, piling up the pressure on a company that has yet to report second quarter earnings, but already said it would miss its Q2 revenue forecast. Veraz had said that orders from carriers were not translating into revenue at the pace it had expected, and it is not alone among vendors who have reported signs of a slowdown in carrier spending. Adtran reported overall decent earnings this week, but said it had seen more cautious spending by mid-tier carriers. Acme Packet also recently noted slower pacing in converting carrier interest to revenue. Veraz is scheduled to report earnings on Aug. 6.

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