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UPDATE: Oppenheimer Downgrades Allot Communications to Perform on Channel Checks

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Oppenheimer downgraded Allot Communications Ltd. (NASDAQ: ALLT) from Outperform to Perform and removed the price target of $28.00.

Oppenheimer said, "Based on our checks, we believe Allot's business has decelerated and we expect a 4Q12 miss and possibly a book-to-bill below one. Our checks point to slowing demand in Europe and an early completion of several projects in the US leading to a revenue gap. Considering this and with little visibility into 1Q13, we're downgrading to Perform. Note that our positive view on the DPI market has not changed and we don't see competitive pressures as the factor of the miss."

Allot Communications closed at $18.28 on Wednesday.

Latest Ratings for ALLT

DateFirmActionFromTo
Feb 2021NeedhamMaintainsBuy
Aug 2018NeedhamUpgradesHoldBuy
Feb 2018Bank of AmericaUpgradesUnderperformBuy

View More Analyst Ratings for ALLT
View the Latest Analyst Ratings

 

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Posted-In: OppenheimerAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

Latest Ratings

StockFirmActionPT
PHXSeaport GlobalInitiates Coverage On
AFCGLake StreetInitiates Coverage On29.0
OSSNoble Capital MarketsUpgrades7.0
NCNOGabelli & Co.Upgrades
HAECJS SecuritiesUpgrades
View the Latest Analytics Ratings
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