UPDATE: Wunderlich Securities Raises Allot Communications' PT

According to a research report published earlier today, Wunderlich Securities has increased Allot Communications' ALLT PT from $22 to $26. In the report, Wunderlich Securities commented, “We believe the value proposition of deep packet inspection (DPI) via services gateways, such as those provided by Allot Communications (ALLT), continues to gain industry recognition. Meanwhile, the market is becoming more sensitive to the service paradox as the capabilities and applications of smart devices outrun network capacity to serve them. Further regulatory developments to diminish net neutrality doctrine are emerging to enhance the ability of operators to invest to serve consumers; we believe this will enhance prospects for Allot.” Wunderlich Securities maintains its Buy rating on Allot Communications, which closed yesterday at $22.16.