Oppenheimer Downgrades Allot Communications (ALLT) to Perform Says Business has Decelerated

January 3, 2013 8:55 AM EST
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Price: $5.17 +0.78%

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Oppenheimer downgraded Allot Communications (NASDAQ: ALLT) from Outperform to Perform.

"Based on our checks, we believe Allot's business has decelerated and we expect a 4Q12 miss and possibly a book-to-bill below one," the analyst comments. "Our checks point to slowing demand in Europe and an early completion of several projects in the US leading to a revenue gap."

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 $18.28 yesterday.

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