Allot Communications (ALLT) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allot Communications in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALLT shares.
View ALLT analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year price targets for Allot Communications' shares. Their ALLT share price forecasts range from $3.00 to $4.00. On average, they anticipate the company's stock price to reach $3.33 in the next year. This suggests a possible upside of 54.3% from the stock's current price.
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Allot Communications' stock was trading at $3.44 on January 1st, 2023. Since then, ALLT shares have decreased by 37.2% and is now trading at $2.16.
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Allot Communications saw a decline in short interest in August. As of August 31st, there was short interest totaling 176,200 shares, a decline of 51.2% from the August 15th total of 361,100 shares. Based on an average trading volume of 141,900 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.
View Allot Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our ALLT earnings forecast.

Allot Communications Ltd (NASDAQ:ALLT) issued its quarterly earnings results on Tuesday, November, 9th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.07). The communications equipment provider earned $38.16 million during the quarter. Allot Communications had a negative trailing twelve-month return on equity of 55.10% and a negative net margin of 49.66%. During the same period last year, the company earned ($0.07) earnings per share.

Allot Communications issued an update on its FY 2023 earnings guidance on Thursday, August, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $95.00 million-$110.00 million, compared to the consensus revenue estimate of $112.47 million.

20 employees have rated Allot Communications Chief Executive Officer Erez Antebi on Glassdoor.com. Erez Antebi has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allot Communications investors own include Freeport-McMoRan (FCX), Intel (INTC), QUALCOMM (QCOM), AT&T (T), Energy Transfer (ET), NVIDIA (NVDA), Teva Pharmaceutical Industries (TEVA), Twitter (TWTR) and Tesla (TSLA).

Allot Communications trades on the NASDAQ under the ticker symbol "ALLT."

Allot Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include HAP Trading LLC (0.00%), Caption Management LLC (0.00%), Simplex Trading LLC (0.00%), Wolverine Trading LLC (0.00%) and Citadel Advisors LLC (0.00%).

Shares of ALLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALLT stock can currently be purchased for approximately $2.16.

Allot Communications (NASDAQ:ALLT) has a market capitalization of $80.83 million and generates $122.74 million in revenue each year. The communications equipment provider earns $-32,030,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.

Allot Communications' mailing address is 22 HANGAR STREET NEVE NE`EMAN INDUSTRIAL ZONE B, HOD-HASHARON L3, 4501317. The official website for the company is www.allot.com. The communications equipment provider can be reached via phone at 972-9762-8419, via email at allot@gkir.com, or via fax at 972-9744-3626.