Allot (NASDAQ:ALLT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Allot (NASDAQ:ALLT) from "hold" to "buy", part of a broader analyst mix that leaves the stock with a "Moderate Buy" consensus and a $13.13 average target price.
• Allot beat the quarter with EPS of $0.08 versus $0.07 expected and revenue of $28.39M versus $27.90M, while the stock trades near $7.44 with a market cap of about $362M and a 52‑week range of $5.61–$11.92.
• Institutional investors have been adding positions recently (including JPMorgan Chase and Marshall Wace), and institutions now own roughly 51.5% of Allot's shares.

Allot (NASDAQ:ALLT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

ALLT has been the topic of a number of other reports. Northland Securities set a $18.00 target price on Allot in a research report on Tuesday, January 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Allot in a research report on Wednesday, January 21st. Needham & Company LLC decreased their target price on Allot from $12.50 to $8.50 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Cantor Fitzgerald reissued an "overweight" rating on shares of Allot in a research report on Thursday, February 19th. Finally, Zacks Research downgraded Allot from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.13.

Allot Stock Performance

Shares of NASDAQ:ALLT opened at $7.44 on Friday. The company has a market cap of $361.96 million, a P/E ratio of 93.01 and a beta of 1.52. The stock's 50-day moving average is $7.28 and its 200-day moving average is $8.92. Allot has a 52-week low of $5.61 and a 52-week high of $11.92.

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. The company had revenue of $28.39 million for 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%. As a group, equities analysts predict that Allot will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ALLT. JPMorgan Chase & Co. bought a new position in Allot in the 2nd quarter worth approximately $2,225,000. Russell Investments Group Ltd. bought a new position in Allot in the 2nd quarter worth approximately $350,000. Arrowstreet Capital Limited Partnership bought a new position in Allot in the 2nd quarter worth approximately $156,000. Walleye Capital LLC bought a new position in Allot in the 2nd quarter worth approximately $256,000. Finally, Marshall Wace LLP bought a new position in Allot in the 2nd quarter worth approximately $2,320,000. 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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