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

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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, with a 52 week range of $13.46-$29.05.

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