VoIP Systems

Acme Racket

9:15 AM -- Telecom equipment analyst Catharine Trebnick of Avian Securities LLC must be having a lovely morning. She just set a $12 price target on Acme Packet Inc. (Nasdaq: APKT), which closed trading yesterday at $8.01 a share.

A research note by Trebnick, sent to clients this morning, says that "five North American and one international operator will be launching SIP trunking services by the end of 2009." She believes a good portion of that business will be won by Acme, one of the strongest equipment makers in the business of helping carriers move from circuit to packet networks.

We agree that VoIP equipment spending will remain strong despite the slowdown in other areas. (See Acme, BroadSoft Improve SIP Trunking, Acme Edges Into the Enterprise, SIP Trunking: VoIP's Threatening Opportunity, and Branching Out Into SIP Trunking.) And, while it's tough to call stock price climbs, we'll note that Acme has lost 6 percent of its value in the past 12 months, compared to the 31 percent shed by the S&P 500 Index.

And these days, losing less is kind of like winning, isn't it?

— Phil Harvey, Editor-in-Chief, Light Reading

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