Kaufman Bros. Maintains a 'Buy' on Acme Packet (APKT); Reports Q3 Results; Reaffirms Guidance; Still No Word on THE BIG Contract

Kaufman Bros. maintains a 'Buy' on Acme Packet (NASDAQ: APKT) price target of $65.00.

Kaufman analyst says, "Final 3Q11 print was largely consistent with the company's earlier pre-announcement and our revised estimates...Management reaffirmed 2011 guidance, but stopped short of stating that the pushed out $10MM+ order from AT&T (NYSE: T) has been booked...Maintain our earlier revised 2011 and 2012 non-GAAP EPS estimates of $1.14 and $1.52."

"Reasons to buy APKT shares: 1) Company maintains undisputed lead in critical SBC market with >60% market share, and there is opportunity for sustained growth; 2) APKT maintains a firm pricing environment for its Net-Net product series, and is seeing good traction in the enterprise market; and 3) overseas strength points to continued growth in carrier SBC deployments, and a widening presence in the SIP trunking market."

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 $38.13 yesterday.

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