Acme Packet raises FY09 forecast to EPS 34c-35c from 28c-30c, vs. consensus of 34c. Raises FY10 revenue to $138M-$140M from $130M-$134M, vs. consensus of $133.4M. :theflyonthewall.com
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Acme Packet target raised to $15 from $13 at Cantor
Canto Fitzgerald raised its target on Acme Packet after the company reported better than expected Q4 results and raised its FY09 guidance. The firm thinks the company is poised to benefit from adoption of SBC technology and it maintains a Buy rating. :theflyonthewall.com