Sunday, January 8, 2012
The Marker reports (here, Hebrew) that RBC Capital Markets' analyst, Daniel Meron (pictured), remains positive on Allot Communications (NASDAQ:ALLT), and believes that the recent decline (see chart below) creates a buying opportunity. Meron maintains a target price of $20 for Allot.
"In the longer term, Allot could be an acquisition target for the big network equipment vendors", says Meron (see here to find a candidate).
A month ago, Meron said that the other way is also possible - "The company’s strong balance sheet should now be sufficient to adequately support strategic mergers and acquisitions that can broaden the company’s offering" (here).
See also - "DPI Shares Performance in 2011 - The Phenomenal, Great and Bad" - here.