NEW YORK (AP) -- Shares of Allot Communications Ltd. surged Tuesday after the internet protocol services company said it secured orders from three top telecommunication operators to help with their network rollouts.
THE SPARK: Allot said the orders come from three of its existing tier one operator customers, including two in Europe and one in the U.S. They each will use the Allot Service Gateway in their "LTE" data networks, the company said.
Financial terms were not disclosed.
THE BIG PICTURE: Israel-based Allot said the gateway provides businesses with data that will help them make better service decisions and monetize their mobile broadband services.
For example, one of the European companies is using the gateway's traffic detection function to analyze subscriber behavior in terms of how the network is being utilized, what devices are active, and which applications are being used.
With that information, the company will be able to adjust quality of service and traffic steering to manage network use more effectively, Allot said.
THE SHARES: Up $1.83, or 16 percent, to $13.27 in afternoon trading, after peaking at $13.38 earlier in the day. Over the past 52 weeks, the company's shares have traded between $10.75 and $29.05.