Naz News, Gappers and FLE's

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APKT, may be responding to competitor news? or delayed reaction to the earnings on 07 Novmeber?

here is the article from today..

Allot Set for U.S. IPO
Friday November 10, 10:33 am ET
Allot U.S. Initial Public Offering Follows Success of Riverbed, Acme Packet


NEW YORK (AP) -- Israeli network technology company Allot Communications Ltd. plans to raise about $58.5 million in its public debut next week, following successful initial public offerings by competitors Riverbed Technology and Acme Packet earlier this fall.
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Allot develops broadband service optimization systems, which help network service providers boost performance. The company's products prioritize Internet traffic, increase bandwidth and monitor network performance.

The company plans to offer 6.5 million shares at $9 to $11 each. The expected proceeds represent the midpoint in the expected price range.

Allot follows successful IPOs by two of its networking technology peers earlier this year. Riverbed Technology Inc. priced 8.8 million shares at $9.75 each on Sept. 21. The stock price has soared since, and traded around $26.80 on the Nasdaq on Friday.

Acme Packet Inc., whose products route voice and data over Internet networks, went public in October. Its shares priced at $9.50, and traded around $15.35 on the Nasdaq in Friday's session -- after losing 19 percent on Wednesday when the company posted third-quarter results.

Underwriters for Allot's IPO are Lehman Brothers, Deutsche Bank, CIBC World Markets and RBC Capital Markets. The company said it plans to use the proceeds from its IPO to fund research and development, marketing and general corporate purposes.

Allot's shares are expected to trade in the U.S. under the symbol "ALLT" on the Nasdaq.