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News Breaks | | | | January 3, 2013 | | 10:11 EDT |  | ALLT | Allot Communications sinks after analyst says business slowing
Shares of Israeli tech company Allott (ALLT) are tumbling after Oppenheimer analyst Ittai Kidron wrote that he expects the company to report weaker than expected fourth quarter results and downgraded the stock to Perform from Outperform. Kidron wrote that his surveys indicate that demand for Allott's products in Europe is slowing, while the company, which develops bandwidth management products, completed several projects in the U.S. earlier than expected, leading to revenue shortfalls. Moreover, the outlook for Allott this quarter is unclear, the analyst added. In early trading, Allott fell $4.33, or 23.70%, to $13.95. | |
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News For ALLT From The Last 14 Days Check below for free stories on ALLT the last two weeks. |
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| May 14, 2013 | | 12:17 EDT |  | ALLT | Allot Communications management to meet with Oppenheimer
 Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | ALLT | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:20 EDT | | ALLT | Allot Communications downgraded to Equal Weight from Overweight at Barclays
Price target lowered to $13 from $21. | | | 06:08 EDT | | ALLT | Psagot reports 5.49% passive stake in Allot Communications
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