Allot (ALLT +8.4%) jumps after Oppenheimer defends the company, which sold off last week due to...


Allot (ALLT +8.4%) jumps after Oppenheimer defends the company, which sold off last week due to the cautious commentary included with its Q2 beat. After meeting with management, Oppenheimer is positive on Allot's pipeline, and declares it to be filled with "mega carrier opportunities." Allot has fared better this year than many of its telecom equipment peers, which have been pressured by capex and European macro fears.

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