BidaskClub Upgrades Allot Communications (NASDAQ:ALLT) to Hold

BidaskClub upgraded shares of Allot Communications (NASDAQ:ALLT) from a sell rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.

Several other research analysts also recently issued reports on ALLT. ValuEngine downgraded shares of Allot Communications from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Allot Communications from a hold rating to a sell rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Allot Communications currently has a consensus rating of Hold and an average target price of $7.13.

Shares of NASDAQ ALLT opened at $7.91 on Wednesday. The firm’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.55. Allot Communications has a 52-week low of $5.67 and a 52-week high of $8.34. The company has a current ratio of 3.02, a quick ratio of 2.79 and a debt-to-equity ratio of 0.03.



Allot Communications (NASDAQ:ALLT) last issued 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). The firm had revenue of $26.55 million during the quarter, compared to the consensus estimate of $26.63 million. Allot Communications had a negative return on equity of 6.28% and a negative net margin of 8.91%. As a group, research analysts expect that Allot Communications will post -0.28 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ALLT. Sphera Funds Management LTD. lifted its stake in shares of Allot Communications by 62.1% in the first quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after buying an additional 370,167 shares in the last quarter. Cowen Prime Services LLC lifted its stake in shares of Allot Communications by 41.4% in the second quarter. Cowen Prime Services LLC now owns 8,200 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 2,400 shares in the last quarter. Finally, Worth Venture Partners LLC lifted its position in Allot Communications by 13.5% during the second quarter. Worth Venture Partners LLC now owns 104,725 shares of the communications equipment provider’s stock valued at $755,000 after purchasing an additional 12,442 shares during the period. Hedge funds and other institutional investors own 59.35% 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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