Allot (NASDAQ:ALLT) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Allot from a buy to a hold; overall analyst coverage remains mixed (five Buys, one Hold, one Sell) with a consensus rating of Moderate Buy and a consensus target of $13.13.
• Allot modestly beat the quarter with $0.08 EPS versus $0.07 expected and $28.39M revenue versus $27.90M, and analysts forecast about 0.21 EPS for the current year.
• Shares trade around $7.62 (50‑day MA $7.05, 200‑day MA $8.82), the company has a market cap of roughly $370.7M and a high trailing PE of 95.26, with a 12‑month range of $5.61–$11.92.

Allot (NASDAQ:ALLT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

ALLT has been the topic of a number of other research reports. Zacks Research lowered Allot from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Cantor Fitzgerald reissued an "overweight" rating on shares of Allot in a research report on Thursday, February 19th. Northland Securities set a $18.00 price target on Allot in a report on Tuesday, January 6th. TD Cowen set a $11.00 price target on Allot in a report on Wednesday, February 25th. Finally, Needham & Company LLC decreased their price objective on shares of Allot from $12.50 to $8.50 and set a "buy" rating for the company in a research report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.13.

Allot Trading Up 3.8%

Shares of ALLT opened at $7.62 on Friday. The stock's 50 day moving average is $7.05 and its two-hundred day moving average is $8.82. Allot has a twelve month low of $5.61 and a twelve month high of $11.92. The firm has a market capitalization of $370.71 million, a PE ratio of 95.26 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $28.39 million during the quarter, compared to the consensus estimate of $27.90 million. Allot had a return on equity of 6.35% and a net margin of 3.63%. On average, sell-side analysts predict that Allot will post 0.21 EPS for the current year.

Hedge Funds Weigh In On Allot

A number of large investors have recently bought and sold shares of ALLT. Quarry LP bought a new position in Allot in the third quarter worth about $37,000. Kestra Advisory Services LLC bought a new position in Allot in the fourth quarter worth about $62,000. State of Wyoming bought a new position in Allot in the fourth quarter worth about $66,000. Wells Fargo & Company MN lifted its holdings in Allot by 200.0% in 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 bought a new position in Allot in the third quarter worth about $108,000. Institutional investors own 51.50% of the company's stock.

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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