Zacks Investment Research Downgrades Allot Communications (NASDAQ:ALLT) to Sell

Allot Communications (NASDAQ:ALLT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, 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. “

Several other brokerages have also weighed in on ALLT. ValuEngine lowered Allot Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub lowered Allot Communications from a “buy” rating to a “hold” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Allot Communications has an average rating of “Hold” and an average price target of $7.13.



Shares of Allot Communications stock traded up $0.02 during trading hours on Thursday, hitting $7.13. 3,345 shares of the company’s stock traded hands, compared to its average volume of 61,539. Allot Communications has a 12-month low of $5.67 and a 12-month high of $8.34. The stock has a market capitalization of $250.13 million, a PE ratio of -29.71 and a beta of 0.70. The stock’s fifty day moving average is $7.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.02 and a quick ratio of 2.79.

Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, August 6th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Allot Communications had a negative net margin of 8.91% and a negative return on equity of 6.28%. The business had revenue of $26.55 million for the quarter, compared to analysts’ expectations of $26.63 million. Sell-side analysts anticipate that Allot Communications will post -0.22 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in ALLT. Sphera Funds Management LTD. increased its holdings in Allot Communications by 62.1% in the 1st quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after acquiring an additional 370,167 shares during the last quarter. Norges Bank purchased a new stake in Allot Communications in the 4th quarter worth about $910,000. Deutsche Bank AG increased its holdings in Allot Communications by 53.1% in the 4th quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock worth $1,335,000 after acquiring an additional 76,278 shares during the last quarter. Worth Venture Partners LLC boosted its stake in Allot Communications by 13.5% in the 2nd quarter. Worth Venture Partners LLC now owns 104,725 shares of the communications equipment provider’s stock worth $755,000 after purchasing an additional 12,442 shares during the period. Finally, Jane Street Group LLC boosted its stake in Allot Communications by 38.5% in the 4th quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock worth $110,000 after purchasing an additional 5,037 shares during the period. 61.37% of the stock is owned by institutional investors.

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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