Jefferies Reiterates Bullish View on Acme Packet (APKT) on IMS Adoption

Jefferies reiterated its Buy rating and $35 price target on Acme Packet (NASDAQ: APKT) citing IMS adoption.

The firm comments, "Our discussions with industry contacts suggest that the adoption of IMS by global mobile carriers is near the tipping point and will accelerate in the next 12 to 18 months. This is an important catalyst for Acme Packet’s business as it will require the use of SBCs at the borders of mobile networks."

For an analyst ratings summary and ratings history on Acme Packet click here. For more ratings news on Acme Packet click here.

Shares of Acme Packet closed at $26.76 yesterday.

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