UPDATE: Oppenheimer Downgrades Allot Communications to Perform on Channel Checks
Oppenheimer downgraded Allot Communications Ltd. (NASDAQ: ALLT ) from Outperform to Perform and removed the price target of $28.00. Oppenheimer said, "Based on our checks, we believe Allot's business has decelerated and we expect a 4Q12 miss and possibly a book-to-bill below one. Our checks point to slowing demand in
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