UPDATE: Wedbush Downgrades Allot Communications to Neutral on Uncertainty, Order Timing

Wedbush downgraded Allot Communications Ltd.

from Outperform to Neutral and lowered the price target from $28.00 to $17.00. Wedbush commented, "We are downgrading shares to NEUTRAL from OUTPERFORM, given lack of visibility on the timing of large opportunities and potential for acquisitions which could delay resumption of margin expansion, leaving us with a lack of near-term catalysts. Our checks confirm a slowdown in order activity in Q4, which we think is most pronounced in Europe and in the Middle East. While we think the company is involved in several large opportunities with both fixed and mobile carriers; we are uncertain on the timing of these deals as it appears sales cycles and the deal approval process have lengthened." Allot Communications closed at $14.35 on Monday.