Barrington downgrades Airspan on going concern from auditors

Barrington analyst Alexander Paris downgraded Airspan Networks to Market Perform from Outperform without a price target post the Q4 results. The company’s annual report included an audit opinion that contained a statement regarding Airspan’s ability to operate as a going concern, the analyst tells investors in a research note. Management will need to secure additional funding to meet operations requirements and satisfy existing debt covenants, the firm points out. It cites the going concern statement and "the lack of current visibility" for the downgrade.