Why Allot Communications Shares Soared
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What: Shares of Allot Communications have soared today by as much as 17% after the company announced a handful of big orders.
So what: The company said it has scored purchase orders from three of the world's "top 10" telecom service providers as part of their LTE network deployments. The orders are from three existing tier one customers, including two in Europe and one in the U.S.
Now what: The carriers will be using the Allot Service Gateway as part of the early LTE rollouts, which will help network management using business intelligence. Allot exec Andrei Elefant said Allot would help deliver analytics information that will allow its customers make strategic investment decisions. The company says the orders demonstrate Allot's leadership in helping implement 4G LTE.
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The article Why Allot Communications Shares Soared originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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