Allot's (ALLT) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Allot (NASDAQ: ALLT), reflecting ongoing concerns about the company's performance.
• Despite the negative sentiment from Weiss, multiple brokerages have given Mixed ratings, with four sell-side analysts rating the stock as a "Buy" and one as "Hold," indicating some optimism.
• Allot's stock recently traded at $10.18, with a market cap of approximately $473.72 million, but reported negative earnings with a P/E ratio of -204.70.

Allot (NASDAQ:ALLT - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other brokerages have also commented on ALLT. Zacks Research lowered Allot from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. TD Cowen assumed coverage on Allot in a report on Monday. They issued a "buy" rating and a $13.00 price objective for the company. Cowen initiated coverage on Allot in a report on Monday. They issued a "buy" rating for the company. William Blair initiated coverage on Allot in a report on Thursday, August 21st. They set an "outperform" rating for the company. Finally, Needham & Company LLC started coverage on Allot in a report on Thursday. They set a "buy" rating and a $12.50 price target for the company. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.75.

Allot Price Performance

ALLT stock traded up $0.20 on Friday, reaching $10.18. 319,579 shares of the company traded hands, compared to its average volume of 643,825. The company has a market cap of $473.72 million, a P/E ratio of -204.70 and a beta of 1.45. The firm has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $8.18. Allot has a one year low of $3.35 and a one year high of $11.42.

Allot (NASDAQ:ALLT - Get Free Report) last posted its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $24.05 million during the quarter, compared to analyst estimates of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. On average, sell-side analysts forecast that Allot will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Allot

Several large investors have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in Allot during the first quarter valued at approximately $452,000. DCF Advisers LLC purchased a new stake in Allot during the first quarter valued at approximately $138,000. Silverberg Bernstein Capital Management LLC raised its position in Allot by 38.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 146,172 shares of the communications equipment provider's stock valued at $1,250,000 after purchasing an additional 40,300 shares during the period. Kanen Wealth Management LLC raised its position in Allot by 19.6% during the second quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider's stock valued at $38,713,000 after purchasing an additional 742,146 shares during the period. Finally, US Bancorp DE raised its position in Allot by 17.6% during the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider's stock valued at $580,000 after purchasing an additional 10,139 shares during the period. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Allot Company Profile

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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