Allot (NASDAQ:ALLT - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.
Several other equities analysts have also weighed in on ALLT. William Blair initiated coverage on shares of Allot in a report on Thursday, August 21st. They issued an "outperform" rating on the stock. Wall Street Zen cut Allot from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy".
Read Our Latest Research Report on Allot
Allot Price Performance
NASDAQ:ALLT traded up $0.16 during midday trading on Wednesday, hitting $8.02. The company's stock had a trading volume of 392,082 shares, compared to its average volume of 679,516. The firm's 50 day moving average is $8.11 and its 200-day moving average is $7.22. Allot has a fifty-two week low of $2.75 and a fifty-two week high of $10.77. The firm has a market cap of $372.94 million, a P/E ratio of -160.62 and a beta of 1.43.
Allot (NASDAQ:ALLT - Get Free Report) last posted its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. The firm had revenue of $24.05 million during the quarter, compared to analyst estimates of $22.90 million. As a group, analysts forecast that Allot will post -0.18 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. DCF Advisers LLC purchased a new stake in shares of Allot in the 1st quarter valued at approximately $138,000. Cloud Capital Management LLC bought a new stake in Allot in the 1st quarter valued at $452,000. Magnetar Financial LLC acquired a new stake in Allot during the second quarter worth about $173,000. Worth Venture Partners LLC bought a new stake in shares of Allot during the second quarter valued at approximately $359,000. Finally, Calamos Advisors LLC bought a new position in shares of Allot during the 2nd quarter worth about $254,000. Institutional investors and hedge funds own 51.50% of the company's stock.
About Allot
(
Get Free Report)
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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