Silverberg Bernstein Capital Management LLC Raises Stake 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 holdings in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) by 38.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,172 shares of the communications equipment provider's stock after acquiring an additional 40,300 shares during the period. Silverberg Bernstein Capital Management LLC owned 0.37% of Allot worth $1,250,000 at the end of the most recent reporting period.

Separately, DCF Advisers LLC purchased a new position in Allot during the 1st quarter valued at about $138,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Stock Performance

Shares of Allot stock opened at $9.19 on Tuesday. The stock has a market capitalization of $427.61 million, a PE ratio of -183.80 and a beta of 1.43. Allot Ltd. has a 52-week low of $2.78 and a 52-week high of $10.77. The company has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $7.35.

Allot (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. The business had revenue of $24.05 million during the quarter, compared to analysts' expectations of $22.90 million. As a group, equities research analysts forecast that Allot Ltd. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ALLT. Zacks Research raised shares of Allot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. William Blair began coverage on shares of Allot in a research report on Thursday, August 21st. They set an "outperform" rating for the company. Finally, Wall Street Zen cut shares of Allot from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Strong Buy".

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.

Want to see what other hedge funds are holding ALLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allot Ltd. (NASDAQ:ALLT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.