Silverberg Bernstein Capital Management LLC Boosts Holdings in Allot Ltd. $ALLT

Key Points

• Silverberg Bernstein Capital Management LLC increased its stake in Allot Ltd. by 38.1% during the second quarter, owning 0.37% of the company and holding a total of 146,172 shares worth approximately $1,250,000.
• Allot's stock opened at $9.19 with a market cap of $427.61 million, and the company reported a revenue of $24.05 million for the last quarter, exceeding expectations.
• Analysts have mixed views on Allot, with one brokerage increasing its rating from "hold" to "strong-buy" while another downgraded it from "strong-buy" to "buy," leading to a consensus rating of "Strong Buy."

Silverberg Bernstein Capital Management LLC boosted its position in Allot Ltd. (NASDAQ:ALLT - Free Report) by 38.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,172 shares of the communications equipment provider's stock after acquiring an additional 40,300 shares during the quarter. Silverberg Bernstein Capital Management LLC owned 0.37% of Allot worth $1,250,000 at the end of the most recent quarter.

Separately, DCF Advisers LLC acquired a new stake in Allot during the first quarter worth approximately $138,000. Institutional investors and hedge funds own 51.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALLT. William Blair began coverage on shares of Allot in a research report on Thursday, August 21st. They issued an "outperform" rating on the stock. Zacks Research upgraded shares of Allot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen lowered shares of Allot from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Allot presently has an average rating of "Strong Buy".

Allot Price Performance

Shares of ALLT stock traded up $0.08 on Friday, hitting $9.83. 510,055 shares of the stock traded hands, compared to its average volume of 546,826. The company has a market capitalization of $457.39 million, a PE ratio of -196.60 and a beta of 1.43. Allot Ltd. has a 1-year low of $2.78 and a 1-year high of $10.77. The company's fifty day moving average is $8.13 and its 200 day moving average is $7.44.

Allot (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $24.05 million for 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%. As a group, equities research analysts expect that Allot Ltd. will post -0.18 EPS for the current year.

About Allot

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.