Cantor Fitzgerald Upgrades Acme Packet (APKT) to Buy
More News related to APKT
- Acme Packet Certified in GSMA PathFinder Partner Programme
- Acme Packet Showcases Border Control Solution Leadership at Interconnect 2008
- Acme Packet to Present at Needham & Company Technology Conference
- Cantor Fitzgerald maintains a 'Hold' rating on Acme Packet (APKT), Lowers Price Target and Estimates
- Piper Jaffray & Co. Upgrades Acme Packet (APKT) to Neutral
More News related to Upgrades
- Reliance Steel (RS) Still 'Not Comfortable' Providing Q4 Guidance
- AnnTaylor Stores (ANN) Reports Breakeven Q3 Earnings; Comps Fell 19.4%
- JM Smucker (SJM) Tops Q2 EPS by 1c; Guides In-Line
- Canadian Solar (CSIQ) Misses Q3 EPS, Slashes Guidance
- Heinz (HNZ) Tops Q2 EPS by 11; Reaffirms
Cantor Fitzgerald upgrades Acme Packet (NASDAQ: APKT) from Hold to Buy and increases their price target from $4.50 to $6.75.
The firm said, "Acme Packet reported 2Q:08 results that were in-line with expectations. The company also provided updated FY:08 guidance that was well below the consensus expectation. We expect Acme's stock to sell off today and we would use the liquidity of such a move to build a position in what we perceive as a well run company with solid growth prospects."
Acme Packet, Inc. is a provider of session border controllers (SBCs) that enable interactive communications service providers to deliver interactive communications, voice, video and other real-time multimedia sessions, across defined border points where Internet protocol (IP) networks connect, known as network borders.
Related Categories
UpgradesStocks Mentioned
+0.18Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
