Wedbush Starts Acme Packet (APKT) at Neutral; Compelling Long-Term Opportunity Tempered by Near-Term Peak in Margins
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Price: $29.24 --0%
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
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Wedbush initiates coverage on Acme Packet (NASDAQ: APKT) with a Neutral. PT $70.
Wedbush analyst says, "We view the company’s market opportunity as one of the most compelling in networking as the growth potential in its core service provider market and in the enterprise market remains relatively untapped and we envision little risk to the company’s dominant competitive position. However, we have a neutral investment outlook over the next 12 months due to the company’s premium valuation, the potential for a near term peak in margins, and our conservative view on international revenue ramp all of which we believe results in a more balanced risk/reward profile. We advise investors to be opportunistic and look to build positions given a pullback as we believe Acme Packet is a pure-play investment on the transition to IP to support all forms of real-time, interactive communications, including voice and video."
For more ratings news on Acme Packet click here and for the rating history of Acme Packet click here.
Shares of Acme Packet closed at $72.07 yesterday.
Wedbush analyst says, "We view the company’s market opportunity as one of the most compelling in networking as the growth potential in its core service provider market and in the enterprise market remains relatively untapped and we envision little risk to the company’s dominant competitive position. However, we have a neutral investment outlook over the next 12 months due to the company’s premium valuation, the potential for a near term peak in margins, and our conservative view on international revenue ramp all of which we believe results in a more balanced risk/reward profile. We advise investors to be opportunistic and look to build positions given a pullback as we believe Acme Packet is a pure-play investment on the transition to IP to support all forms of real-time, interactive communications, including voice and video."
For more ratings news on Acme Packet click here and for the rating history of Acme Packet click here.
Shares of Acme Packet closed at $72.07 yesterday.
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