Bank of America to buy Allot communications Ltd.

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Bank of America Corp. is planning to acquire Allot communications Ltd. Allot increased 2.7% yesterday reaching $15.41 per share. Company has fully recovered from 10-month low on October 3 by advancing about 63%. Allot's shares in S&P 500 are worth 13 times more than earnings. Allot is advancing from developing systems which manage traffic through data networks. Demand for Allot's products benefit from surging demand for smart phones and iPads.

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