Allot Ltd. (NASDAQ:ALLT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Allot Ltd. has an average analyst rating of “Moderate Buy” from seven research firms, with a 12-month price target of $13.13 on average.
• Recent analyst actions were mixed: Cantor Fitzgerald reiterated an overweight rating, while several firms downgraded or maintained cautious views, including Needham cutting its price target to $8.50 and Weiss Ratings reiterating a sell rating.
• The stock was trading at $7.65, below the consensus target, after Allot recently reported quarterly EPS of $0.08, topping estimates, on revenue of $28.39 million.

Shares of Allot Ltd. (NASDAQ:ALLT - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat.com reports. One 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 12-month price objective among analysts that have issued a report on the stock in the last year is $13.1250.

ALLT has been the topic of a number of research reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Allot in a research note on Thursday, February 19th. Zacks Research downgraded shares of Allot from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Needham & Company LLC lowered their price target on shares of Allot from $12.50 to $8.50 and set a "buy" rating for the company in a report on Thursday, February 26th. Wall Street Zen lowered shares of Allot from a "buy" rating to a "hold" rating in a report on Sunday, May 3rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Allot in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ALLT. Quarry LP bought a new position in Allot during the 3rd quarter valued at $37,000. Kestra Advisory Services LLC acquired a new stake in shares of Allot during the fourth quarter worth $62,000. State of Wyoming acquired a new stake in shares of Allot during the fourth quarter worth $66,000. Wells Fargo & Company MN grew its position in shares of Allot by 200.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider's stock worth $88,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Allot in the 3rd quarter worth about $108,000. 51.50% of the stock is currently owned by institutional investors.

Allot Trading Down 1.4%

Shares of ALLT stock opened at $7.65 on Friday. The company's fifty day simple moving average is $6.93 and its 200-day simple moving average is $8.77. Allot has a 52 week low of $5.78 and a 52 week high of $11.92. The company has a market cap of $372.17 million, a PE ratio of 95.64 and a beta of 1.46.

Allot (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Allot had a net margin of 3.63% and a return on equity of 6.35%. The business had revenue of $28.39 million for the quarter, compared to the consensus estimate of $27.90 million. Equities research analysts expect that Allot will post 0.21 EPS for the current fiscal year.

Allot Company Profile

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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