From Earlier: Wunderlich Securities Raises Allot Communications PT to $31, Strong Quarter Reported
Wunderlich Securities raised its Allot Communications (NASDAQ: ALLT) price target from $26 to $31 in a research report published today. Wunderlich Securities has a Buy rating on the company.
In the report, Wunderlich Securities stated, "Allot Communications (ALLT) delivered a stunningly strong quarter with dramatic revenue acceleration and non-GAAP operating profit that exceeded our forecast by nearly 47%. The pipeline of business is significantly more oriented towards the Americas and a small U.S. acquisition looks well timed to support domestic account penetration."
Shares of Allot Communications closed today at $26.30, up 7.17% from Monday's market close.
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