Weiss Ratings Reaffirms "Sell (D-)" Rating for Allot (NASDAQ:ALLT)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Allot (NASDAQ:ALLT), indicating continued negative sentiment towards the stock.
• Other analysts have mixed views, with Zacks Research downgrading Allot from a "strong-buy" to a "hold" rating, while William Blair has initiated coverage with an "outperform" rating.
• Allot's stock price recently reached $10.96, with a market capitalization of approximately $509.97 million and a 52-week trading range between $2.78 and $11.42.

Allot (NASDAQ:ALLT - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the company. William Blair started coverage on Allot in a research report on Thursday, August 21st. They set an "outperform" rating on the stock. Zacks Research lowered Allot from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. Finally, Wall Street Zen lowered 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 Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Allot Price Performance

Shares of ALLT traded up $0.20 during midday trading on Wednesday, reaching $10.96. The stock had a trading volume of 374,131 shares, compared to its average volume of 660,329. Allot has a 52 week low of $2.78 and a 52 week high of $11.42. The firm's 50 day moving average price is $8.66 and its 200-day moving average price is $7.84. The company has a market capitalization of $509.97 million, a P/E ratio of -219.20 and a beta of 1.45.

Allot (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $24.05 million for the quarter, compared to the consensus estimate of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. On average, equities analysts forecast that Allot will post -0.18 earnings per share for the current year.

Institutional Trading of Allot

Several hedge funds have recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC boosted its stake in Allot by 10.2% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 161,128 shares of the communications equipment provider's stock valued at $1,705,000 after purchasing an additional 14,956 shares during the period. Osaic Holdings Inc. boosted its stake in Allot by 56.6% during the 2nd quarter. Osaic Holdings Inc. now owns 38,567 shares of the communications equipment provider's stock valued at $330,000 after purchasing an additional 13,934 shares during the period. G2 Investment Partners Management LLC bought a new stake in Allot during the 2nd quarter valued at approximately $14,175,000. Engineers Gate Manager LP boosted its stake in Allot by 61.5% during the 2nd quarter. Engineers Gate Manager LP now owns 62,010 shares of the communications equipment provider's stock valued at $530,000 after purchasing an additional 23,614 shares during the period. Finally, Bluefin Capital Management LLC bought a new stake in Allot during the 2nd quarter valued at approximately $907,000. Institutional investors own 51.50% of the company's stock.

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.

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