Deutsche Bank Reiterates Buy Rating For Acme Packet (APKT, DB)

Acme Packet APKT stock has appreciated noticeably during the last 52 weeks. According to a report released by Deutsche Bank DB, the increase is attributable to the company’s market leading position and execution focus. Acme Packet (APKT) gained roughly 15% market share in the Session Border Controller market during the first quarter of this year. The company is likely to sustain momentum in the rollouts of SBC gear at Tier-1/2 carriers. Acme is also aggressively investing in R&D activities. Deutsche Bank (DB) has maintained its Buy rating for the stock. The company is expected to maintain a 50% and 20% revenue growth rate for CY 10 and CY 11 respectively. The price target for the stock is $30.