Shares of Acme Packet (APKT) spiked up on Friday,
ending the day with gains of 12.0%. The provider of session delivery network
solutions received an upgrade from analysts at Stifel Nicolaus bolstering demand
for its shares.
Analyst Upgrade
Analysts at Stifel Nicolaus boosted their rating from hold to buy and attached a $27 price target. Analyst Sanjiv Wadhwani increased the estimates for both revenue and earnings as the company stands to benefit from the rollout of VoLTE.
Analyst Upgrade
Analysts at Stifel Nicolaus boosted their rating from hold to buy and attached a $27 price target. Analyst Sanjiv Wadhwani increased the estimates for both revenue and earnings as the company stands to benefit from the rollout of VoLTE.
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