Shares of Allot Communications Ltd (NASDAQ:ALLT) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.87.

Several equities research analysts have recently weighed in on ALLT shares. Barclays upgraded Allot Communications from an “underweight” rating to an “equal weight” rating and set a $6.00 price objective on the stock in a research note on Friday, October 12th. ValuEngine downgraded Allot Communications from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research raised Allot Communications from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Thursday, August 16th. TheStreet raised Allot Communications from a “d+” rating to a “c-” rating in a report on Thursday, August 23rd. Finally, Oppenheimer reissued a “hold” rating on shares of Allot Communications in a report on Thursday, August 9th.

ALLT stock opened at $7.17 on Wednesday. Allot Communications has a 1-year low of $4.74 and a 1-year high of $7.27. The company has a market capitalization of $245.10 million, a PE ratio of -20.49 and a beta of 0.35.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, November 6th. The communications equipment provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Allot Communications had a negative return on equity of 6.50% and a negative net margin of 14.04%. The company had revenue of $24.22 million for the quarter, compared to analyst estimates of $23.75 million. On average, sell-side analysts predict that Allot Communications will post -0.23 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. P.A.W. Capital Corp boosted its holdings in shares of Allot Communications by 2.9% in the 2nd quarter. P.A.W. Capital Corp now owns 720,000 shares of the communications equipment provider’s stock worth $3,859,000 after acquiring an additional 20,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Allot Communications in the 2nd quarter worth approximately $112,000. Jane Street Group LLC acquired a new position in shares of Allot Communications in the 2nd quarter worth approximately $149,000. Unterberg Capital LLC boosted its holdings in shares of Allot Communications by 9.0% in the 3rd quarter. Unterberg Capital LLC now owns 600,000 shares of the communications equipment provider’s stock worth $3,708,000 after acquiring an additional 49,290 shares in the last quarter. Finally, Senvest Management LLC boosted its holdings in shares of Allot Communications by 11.7% in the 3rd quarter. Senvest Management LLC now owns 475,750 shares of the communications equipment provider’s stock worth $2,940,000 after acquiring an additional 50,000 shares in the last quarter. 56.26% of the stock is currently owned by institutional investors and hedge funds.

About Allot Communications

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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