Allot Communications Ltd. (NASDAQ:ALLT) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Allot Communications Ltd. (NASDAQ:ALLT) from a hold rating to a sell rating in a research report released on Monday, August 7th.
According to Zacks, “Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service, contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. “
Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of Allot Communications from a hold rating to a sell rating in a research report on Thursday, May 18th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Allot Communications in a research report on Sunday, May 14th.
Shares of Allot Communications (ALLT) traded down 0.82% during midday trading on Monday, hitting $4.86. The company had a trading volume of 4,117 shares. The company has a 50-day moving average of $5.05 and a 200 day moving average of $4.91. Allot Communications has a 12 month low of $4.50 and a 12 month high of $5.67. The firm’s market capitalization is $161.35 million.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.52 million for the quarter, compared to analyst estimates of $19.20 million. Allot Communications had a negative net margin of 14.06% and a negative return on equity of 5.88%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, analysts expect that Allot Communications will post ($0.24) EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. S Squared Technology LLC bought a new stake in shares of Allot Communications during the first quarter worth about $1,409,000. Norges Bank acquired a new stake in Allot Communications during the fourth quarter valued at about $740,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Allot Communications by 71.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,207,993 shares of the communications equipment provider’s stock valued at $10,510,000 after buying an additional 918,397 shares during the last quarter. Soros Fund Management LLC raised its stake in Allot Communications by 2.4% in the first quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock valued at $16,216,000 after buying an additional 80,500 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its stake in Allot Communications by 64.3% in the second quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock valued at $1,385,000 after buying an additional 106,100 shares during the last quarter. 42.25% of the stock is owned by institutional investors.
Allot Communications Company Profile
Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Allot Communications Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications Ltd. and related stocks with our FREE daily email newsletter.