Oppenheimer Maintains an 'Outperform' on Allot Communications (ALLT); Channel Checks Solid; Ortiva Impact Only N-T

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Oppenheimer maintains an 'Outperform' on Allot Communications (NASDAQ: ALLT) price target of $30.00.

Analyst, Ittai Kidron, said, "Based on our checks, we believe Allot is seeing solid
demand in 2Q12 balanced across all regions with activity in Europe and the Americas a standout. In addition, Allot is seeing a gradual rise in demand with fixed-line operators building on top of its already strong wireless franchise."

"Despite Ortiva's potential near-term negative impact on EPS, we maintain our bullish view on 2H12. We believe Allot could deliver ahead of targets for September and with a book-to-bill still above 1, our estimates remain ahead of consensus."

For an analyst ratings summary and ratings history on Allot Communications click here. For more ratings news on Allot Communications click here.

Shares of Allot Communications closed at $25.48 yesterday, with a 52 week range of $9.38-$28.32.

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