Wedbush Downgrades Allot Communications (ALLT) to Neutral on Lack of Visibility and Catalysts

January 8, 2013 7:35 AM EST
Get Alerts ALLT Hot Sheet
Price: $5.12 -1.54%

Rating Summary:
    5 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
Trade ALLT Now!
Join SI Premium – FREE
Wedbush downgraded Allot Communications (NASDAQ: ALLT) from Outperform to Neutral with a price target of $17.00 (from $28.00).

The firm comments, "We are downgrading shares to NEUTRAL from OUTPERFORM, given lack of visibility on the timing of large opportunities and potential for acquisitions which could delay resumption of margin expansion, leaving us with a lack of near-term catalysts. Our checks confirm a slowdown in order activity in Q4, which we think is most pronounced in Europe and in the Middle East."

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 $14.35 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst PT Change, Downgrades, Hot Downgrades

Add Your Comment