Needham & Company Defends Allot Communications (ALLT) Following Competitor Downgrade

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Go back to Needham & Company Defends Allot Communications (ALLT) Following Competitor Downgrade

BofA/Merrill Lynch Downgrades Allot Communications (ALLT) Two-Nothces to Underperform on Weakening Fundamentals

December 10, 2014 6:46 AM EST

BofA/Merrill Lynch downgraded Allot Communications (NASDAQ: ALLT) from Buy to Underperform with a price target of $10.50 (from $17.00).

Analyst Tal Liani said they have concerns over Allots key fundamentals, weak carrier spending, uncertainty surrounding Title 2 reform in the US and recent management... More