Jefferies Starts Allot Communications (ALLT) at Buy

Jefferies initiates coverage on Allot Communications (NASDAQ: ALLT) with a Buy. PT $20.00.

The firm comments, "To prevent margin compression and relegation to simply being "dumb pipes," we believe carriers will use Allot's DPI (deep packet inspection) technology to contain costs (near term) and create value-added services (longer term). We believe Allot's growth prospects outweigh its high valuation and initiate with a Buy."

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 $16.93 yesterday.

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