Acme Packet, Inc. (APKT) Price Target Raised

Analyst Edward Jackson at Cantor Fitzgerald has raised the 12-month price target for Acme Packet, Inc. (NASDAQ: APKT) from $13 to $15.

The price target has been raised after the company reported stronger-than-expected results for the fourth quarter and raised FY10 guidance. According to Cantor Fitzgerald, the company dominates the SBC market and is well positions to benefit from the adoption of this technology by service providers and enterprises. Acme Packet, Inc. maintains a Buy rating. According to Cantor Fitzgerald, the major risks associated with the company are, customer concentration, volatile revenue, increasing competition, and rapid changes in technological requirements.

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