Market ReactionAnalyst believes the pre-Market indicated 14% sell-off is an overreaction and maintains a Buy rating.
Revenue DeclineRevenue of $25.0M was down 2.1% y/y, slightly missing consensus and analyst estimates.
Stock RatingWith shares trading closing 1.3% of the announced deal price, analysts lower the rating to Hold, from Buy, and remove the prior price target due to the view that upside from the proposed acquisition price is unlikely.