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Meru Networks Inc

Meru Networks, Inc. was a company that specialized in wireless networking equipment. The company offered wireless local area network (WLAN) solutions, including access points, switches, and controllers. Meru's products were designed to provide reliable and secure wireless connectivity for businesses, schools, hospitals, and other organizations.

On June 24, 2t15, the company announced that it had been acquired by Fortinet, a provider of cybersecurity solutions, in a deal worth an estimated $1.6 billion. The acquisition aimed to enhance Fortinet's wireless networking capabilities and expand its addressable market.

Regarding the company's financial performance, Meru Networks reported its earnings results on March 12, 2014, for the fiscal 2014 third quarter ended January 31, 2014. The company's revenue for the third quarter was $27.9 million, representing a 13% year-over-year increase. Meru reported a GAAP net loss of $(4.9) million, or a loss of $(0.13) per basic and diluted share.

In terms of market performance, Meru Networks, Inc. (MERU) stock was listed on the NASDAQ stock exchange under the ticker symbol 'MERU'. On June 23, 2015, the last trading day before the acquisition announcement, the stock closed at $1.88 per share. As a result of the acquisition, Meru Networks, Inc. shares were delisted from the NASDAQ stock exchange.