ValuEngine lowered shares of Allot Communications Ltd. (NASDAQ:ALLT) from a hold rating to a sell rating in a report released on Thursday.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Allot Communications from a hold rating to a sell rating in a research report on Tuesday, August 15th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Allot Communications in a research report on Tuesday, August 1st.

Allot Communications (NASDAQ ALLT) traded up 0.19% during trading on Thursday, reaching $5.25. 2,050 shares of the company’s stock were exchanged. Allot Communications has a 1-year low of $4.50 and a 1-year high of $5.67. The company’s market capitalization is $174.30 million. The company’s 50-day moving average is $5.09 and its 200-day moving average is $4.97.

Allot Communications (NASDAQ:ALLT) last posted its earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Allot Communications had a negative net margin of 14.06% and a negative return on equity of 5.88%. The business had revenue of $19.52 million for the quarter, compared to analyst estimates of $19.20 million. During the same period last year, the business posted $0.01 EPS. Allot Communications’s revenue was down 15.1% compared to the same quarter last year. Equities research analysts expect that Allot Communications will post ($0.24) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Soros Fund Management LLC boosted its position in shares of Allot Communications by 2.4% during the 1st quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock valued at $16,216,000 after acquiring an additional 80,500 shares in the last quarter. Horrell Capital Management Inc. boosted its position in shares of Allot Communications by 64.3% during the 2nd quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock valued at $1,385,000 after acquiring an additional 106,100 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of Allot Communications by 55.9% during the 1st quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock valued at $402,000 after acquiring an additional 30,300 shares in the last quarter. Prentiss Smith & Co. Inc. boosted its position in shares of Allot Communications by 6.8% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock valued at $414,000 after acquiring an additional 5,158 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Allot Communications by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock valued at $3,242,000 after acquiring an additional 8,600 shares in the last quarter. Institutional investors own 44.33% of the company’s stock.

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.

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