Allot Communications Ltd. (NASDAQ:ALLT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Friday, July 14th.
According to Zacks, “Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service, contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. “
A number of other research analysts have also recently weighed in on ALLT. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a report on Sunday, May 14th. ValuEngine upgraded Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.00.
Allot Communications (NASDAQ:ALLT) traded down 0.60% during trading on Friday, hitting $4.97. The stock had a trading volume of 14,832 shares. The stock’s market capitalization is $164.46 million. Allot Communications has a 52-week low of $4.50 and a 52-week high of $5.67. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $4.94.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.10. Allot Communications had a negative return on equity of 4.28% and a negative net margin of 10.23%. The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $19.62 million. During the same quarter last year, the business earned ($0.06) EPS. Allot Communications’s revenue for the quarter was down 19.2% compared to the same quarter last year. On average, analysts predict that Allot Communications will post ($0.21) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horrell Capital Management Inc. raised its position in Allot Communications by 64.3% in the second quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock valued at $1,385,000 after buying an additional 106,100 shares during the period. Prentiss Smith & Co. Inc. raised its position in Allot Communications by 6.8% in the second quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock valued at $414,000 after buying an additional 5,158 shares during the period. Soros Fund Management LLC raised its position in Allot Communications by 2.4% in the first quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock valued at $16,216,000 after buying an additional 80,500 shares during the period. Renaissance Technologies LLC raised its position in Allot Communications by 1.3% in the first quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock valued at $3,242,000 after buying an additional 8,600 shares during the period. Finally, Spark Investment Management LLC raised its position in Allot Communications by 55.9% in the first quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock valued at $402,000 after buying an additional 30,300 shares during the period. 42.38% of the stock is currently owned by institutional investors.
Allot Communications Company Profile
Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.
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