Thursday, January 3, 2013

Oppenheimer Sees Slower DPI Market; Downgrades Allot

StreetInsider reports that Oppenheimer ".. downgraded Allot Communications  from Outperform to Perform .. 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".

Allot is down 23% in early trading; Procera Networks (-11%) and Sandvine are also affected.
See "Oppenheimer Downgrades Allot Communications (ALLT) to Perform Says Business has Decelerated" - here.

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