Allot Ltd. (NASDAQ:ALLT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Allot Ltd. (NASDAQ:ALLT) has received a consensus rating of "Hold" from analysts, with one selling, one holding, and three buying the stock.
• The average 1-year target price for Allot shares is $13.00, even as the stock's price recently opened at $9.53.
• In the latest earnings report, Allot exceeded expectations with $24.05 million in revenue, surpassing the forecast of $22.90 million.

Shares of Allot Ltd. (NASDAQ:ALLT - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.00.

Several brokerages have recently weighed in on ALLT. Wall Street Zen lowered shares of Allot from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Cowen assumed coverage on shares of Allot in a research report on Monday. They set a "buy" rating on the stock. William Blair assumed coverage on shares of Allot in a research report on Thursday, August 21st. They set an "outperform" rating on the stock. Zacks Research lowered shares of Allot from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. Finally, TD Cowen assumed coverage on shares of Allot in a research report on Monday. They set a "buy" rating and a $13.00 price target on the stock.

Institutional Trading of Allot

Large investors have recently modified their holdings of the stock. LeConte Wealth Management LLC purchased a new stake in shares of Allot during the third quarter worth $128,000. FNY Investment Advisers LLC increased its position in shares of Allot by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider's stock worth $119,000 after acquiring an additional 3,500 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Allot during the second quarter worth $139,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Allot during the second quarter worth $156,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Allot during the second quarter worth $173,000. Hedge funds and other institutional investors own 51.50% of the company's stock.

Allot Stock Down 0.7%

NASDAQ:ALLT opened at $9.53 on Monday. Allot has a 52 week low of $3.19 and a 52 week high of $11.42. The stock has a market capitalization of $443.43 million, a PE ratio of -190.60 and a beta of 1.45. The stock's 50-day moving average price is $9.07 and its 200-day moving average price is $8.09.

Allot (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $24.05 million for the quarter, compared to analysts' expectations of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. Sell-side analysts expect that Allot will post -0.18 earnings per share for the current fiscal year.

About Allot

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.

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