Allot Communications (NASDAQ:ALLT) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Allot Communications (NASDAQ:ALLT) from a sell rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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. “

A number of other research firms have also commented on ALLT. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. BidaskClub lowered YRC Worldwide from a buy rating to a hold rating in a research report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $6.87.



ALLT stock opened at $8.00 on Monday. Allot Communications has a 1-year low of $5.02 and a 1-year high of $8.34. The firm has a 50 day moving average of $7.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.98.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.07) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The business had revenue of $25.34 million for the quarter, compared to analyst estimates of $25.27 million. Allot Communications had a negative return on equity of 5.50% and a negative net margin of 10.12%. Analysts forecast that Allot Communications will post -0.22 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PEAK6 Investments LLC acquired a new stake in Allot Communications in the fourth quarter valued at $98,000. Sphera Funds Management LTD. grew its holdings in Allot Communications by 58.3% in the fourth quarter. Sphera Funds Management LTD. now owns 595,764 shares of the communications equipment provider’s stock valued at $13,513,000 after purchasing an additional 219,313 shares during the last quarter. Jane Street Group LLC grew its holdings in Allot Communications by 38.5% in the fourth quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock valued at $110,000 after purchasing an additional 5,037 shares during the last quarter. Norges Bank acquired a new stake in Allot Communications in the fourth quarter valued at $910,000. Finally, Deutsche Bank AG grew its holdings in Allot Communications by 53.1% in the fourth quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock valued at $1,335,000 after purchasing an additional 76,278 shares during the last quarter. Institutional investors and hedge funds own 59.64% of the company’s stock.

Allot Communications Company Profile

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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