Sunday, January 8, 2012

RBC: Allot could be an Acquisition Target for NEPs (in the longer term)

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.

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