Oppenheimer Downgrades Allot Communications (ALLT) to Perform Says Business has Decelerated
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Price: $7.45 -3.12%
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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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.
"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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