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Cloud Capital Management LLC Invests $452,000 in Allot Ltd. (NASDAQ:ALLT)

Allot logo with Business Services background

Cloud Capital Management LLC purchased a new stake in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 79,302 shares of the communications equipment provider's stock, valued at approximately $452,000. Cloud Capital Management LLC owned about 0.20% of Allot as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Get Our Latest Research Report on Allot

Allot Stock Up 13.9%

NASDAQ:ALLT traded up $1.25 during midday trading on Wednesday, reaching $10.25. The company had a trading volume of 1,528,581 shares, compared to its average volume of 488,706. The firm has a market capitalization of $405.18 million, a price-to-earnings ratio of -102.49 and a beta of 1.36. The stock's fifty day simple moving average is $8.08 and its 200-day simple moving average is $7.06. Allot Ltd. has a 12-month low of $2.47 and a 12-month high of $10.45. The company has a current ratio of 2.49, a quick ratio of 2.27 and a debt-to-equity ratio of 0.80.

Allot Profile

(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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Institutional Ownership by Quarter for Allot (NASDAQ:ALLT)

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