Shares of Allot Communications Ltd. (NASDAQ:ALLT) have been assigned an average rating of “Hold” from the six research firms that are covering the stock. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.13.
A number of brokerages have weighed in on ALLT. Zacks Investment Research lowered Allot Communications from a “hold” rating to a “sell” rating in a report on Monday, November 7th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Allot Communications in a report on Tuesday, February 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Allot Communications in a report on Wednesday, January 4th.
Allot Communications (NASDAQ:ALLT) opened at 4.87 on Wednesday. Allot Communications has a one year low of $4.24 and a one year high of $5.67. The stock’s market cap is $161.15 million. The stock has a 50 day moving average price of $5.10 and a 200-day moving average price of $5.07.
Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. Allot Communications had a negative return on equity of 3.63% and a negative net margin of 8.85%. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $21.61 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts expect that Allot Communications will post ($0.07) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in Allot Communications during the second quarter worth about $2,681,000. Oppenheimer & Co. Inc. raised its stake in Allot Communications by 28.5% in the third quarter. Oppenheimer & Co. Inc. now owns 19,400 shares of the company’s stock worth $102,000 after buying an additional 4,300 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in Allot Communications by 25.2% in the third quarter. Spark Investment Management LLC now owns 79,100 shares of the company’s stock worth $416,000 after buying an additional 15,900 shares during the last quarter. 43.41% of the stock is currently owned by hedge funds and other institutional investors.
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About Allot Communications
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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