Acme Packet (APKT) Will Boom . . . Some Day

November 15, 2012 1:49 PM EST Send to a Friend
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Price: $29.24 --0%

Rating Summary:
    6 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 27 | New: 5
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In the view of analysts at Oppenheimer, Acme Packet (NASDAQ: APKT) has a lot going for it.

"In an industry that we believe has excellent long-term prospects, we like Acme Packet long-term. We believe its technology lead in the service provider space and with large enterprises will remain. From a user perspective, we see lots of green fields . . . so in our minds, it's not a matter of [if], but rather [when]," said analyst Andrew Uerkwitz.

That said, Uerkwitz is cautious given low visibility into timing. He also expressed concern about valuation.

Oppenheimer has a Perform rating on Acme Packet (NASDAQ: APKT).

For an analyst ratings summary and ratings history on Acme Packet click here. For more ratings news on Acme Packet click here.

Shares of Acme Packet closed at $18.82 yesterday.

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