Allot Communications - ALLT Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allot Communications in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALLT shares.
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3 brokerages have issued 12 month price objectives for Allot Communications' stock. Their ALLT share price forecasts range from $4.50 to $12.00. On average, they predict the company's share price to reach $8.25 in the next year. This suggests a possible upside of 205.6% from the stock's current price.
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Allot Communications' stock was trading at $3.44 at the beginning of the year. Since then, ALLT shares have decreased by 21.5% and is now trading at $2.70.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 16th 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 for the quarter, hitting the consensus estimate 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 29.26% and a negative net margin of 26.10%. During the same quarter in the previous year, the company earned ($0.07) earnings per share.

ETFs with the largest weight of Allot Communications (NASDAQ:ALLT) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL).ETFMG Prime Cyber Security ETF (HACK).

Allot Communications issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $110.00 million-$120.00 million, compared to the consensus revenue estimate of $134.35 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), Palo Alto Networks (PANW), 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 institutional and retail investors. Top institutional shareholders include Group One Trading L.P. (0.00%), Susquehanna International Group LLP (0.00%), Cowen Prime Advisors LLC (0.26%), Belvedere Trading LLC (0.00%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (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 $2.70.

Allot Communications (NASDAQ:ALLT) has a market capitalization of $100.82 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 ($0.87) 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.