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Technology Stocks : Allot Communications Ltd (ALLT)
ALLT 9.630+0.3%Oct 31 9:30 AM EDT

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From: JakeStraw7/8/2011 9:38:54 AM
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U.S. mobile-phone companies are trying to improve their services as the prevalence of data-hungry devices such as the Apple Inc. iPhone has led to network congestion. AT&T Inc. (T) and Verizon Wireless are rolling out so-called fourth-generation networks that boast speeds about four times faster than existing 3G technology.

“Allot has very good proprietary technology and seems to have made the fastest progress with the global wireless carriers,” said Daniel Cummins, an analyst at ThinkEquity LLC in New York, who has a “buy” recommendation on the shares. “Allot has a technology that more telecommunications and enterprise organizations will need going forward.”
bloomberg.com
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