Needham & Company Starts Allot Communications (ALLT) at Buy

Needham & Company initiated coverage on Allot Communications (NASDAQ: ALLT) Tuesday with a Buy rating and $27.50 price target.

"Allot is the largest pure play in the rapidly growing and mission-critical traffic management and user customization equipment and services market," the analyst notes. "Allot's systems and software allow service providers to customize and optimize traffic, apply security, and implement differentiated user charging schemes. We believe this category can generate substantial growth in the 25-40% vicinity, even in an environment of tight spending and economic uncertainty."

For an analyst ratings summary and ratings history on Allot Communications click here. For more ratings news on Allot Communications click here.

Shares of Allot Communications closed at $21.27 yesterday.

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