Wednesday, January 16, 2013

RBC Recommends Allot; Sees Possible Acquisition

This seems like a duplication of a post I had a year ago (Jan 8, 2012 - "RBC: Allot could be an Acquisition Target for NEPs (in the longer term)" - here) - but  RBC Capital Markets' analyst, Daniel Meron (pictured), keeps a positive stand on Allot Communications.

Globes reports (here) that Meron says in a recent review that "small-mid cap technology companies will enjoy the increasing demand for Big data analysis, connectivity and storage .. Among RBC's 2013 recommended  shares are Allot and EZChip, based on the high demand for more sophisticated communication equipment (Allot) or network processors that can handle higher levels of  traffic (see "EZchip Unveiled 400-Gb wire-speed, C-Programmable, NPU" - here.. Allot could be an acquisition candidate".

Indeed the stock (see chart below) is lower now ($13.4) compared to Jan 2012, after visiting a record high price of more than $29 during 2012.

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