Allot Ltd. (NASDAQ:ALLT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Allot a consensus rating of Moderate Buy (five buys, one hold, one sell) with an average 1‑year target of $13.13, while individual price targets range roughly from $11 to $18.
• Allot slightly beat Q results (EPS $0.08 vs $0.07 est., revenue $28.39M vs $27.90M) but analysts still forecast a fiscal‑year EPS of -$0.18; the stock trades near $6.59 with a market cap of about $320.6M and a 52‑week range of $5.23–$11.92.

Shares of Allot Ltd. (NASDAQ:ALLT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.1250.

Several equities research analysts have recently commented on the stock. TD Cowen set a $11.00 price target on shares of Allot in a research report on Wednesday, February 25th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Allot in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Allot in a report on Wednesday, January 21st. Northland Securities set a $18.00 target price on shares of Allot in a research report on Tuesday, January 6th. Finally, Wall Street Zen downgraded Allot from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th.

Hedge Funds Weigh In On Allot

Several hedge funds have recently added to or reduced their stakes in ALLT. Raiffeisen Bank International AG acquired a new position in Allot during the third quarter valued at approximately $2,937,000. Greenhaven Road Investment Management L.P. raised its holdings in Allot by 21.3% in the third quarter. Greenhaven Road Investment Management L.P. now owns 759,643 shares of the communications equipment provider's stock worth $8,037,000 after purchasing an additional 133,619 shares during the period. DCF Advisers LLC boosted its position in shares of Allot by 98.6% during the third quarter. DCF Advisers LLC now owns 70,000 shares of the communications equipment provider's stock worth $741,000 after purchasing an additional 34,762 shares in the last quarter. Fifth Lane Capital LP bought a new position in shares of Allot during the third quarter worth $317,000. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in shares of Allot by 10.2% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 161,128 shares of the communications equipment provider's stock valued at $1,705,000 after buying an additional 14,956 shares during the period. Institutional investors and hedge funds own 51.50% of the company's stock.

Allot Stock Performance

NASDAQ ALLT opened at $6.59 on Monday. The stock has a market capitalization of $320.60 million, a P/E ratio of 82.39 and a beta of 1.52. Allot has a 52 week low of $5.23 and a 52 week high of $11.92. The stock has a fifty day moving average of $7.83 and a 200-day moving average of $9.13.

Allot (NASDAQ:ALLT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Allot had a return on equity of 6.35% and a net margin of 3.63%.The business had revenue of $28.39 million for the quarter, compared to analyst estimates of $27.90 million. Equities research analysts forecast that Allot will post -0.18 earnings per share for the current fiscal year.

About Allot

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot's product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.

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