Wunderlich Securities Comments on Allot Communications
Wunderlich Securities provided color and made no changes to its Allot Communications (NASDAQ: ALLT) price target and rating in a research report published today. Wunderlich Securities has a Buy rating and $21 price target on Allot Communications.
In the report, Wunderlich Securities states, "Allot Communications (ALLT) reported strong 3Q11 results and outlook with customer expansion in Asia, EMEA, South America, and, for the first time, a mobile operator in the U.S. Our forecast increase reflects strong orders for H211 to-date and increasing pace of revenue recognition as equipment and software booked in prior periods is being put to work in production networks by customers. There is no change to our price target or Buy rating."
Shares of Allot Communications were trading at $14.22 at the time of posting, up 6.36% from Monday's market close.
