Allot Communications Ltd (NASDAQ:ALLT) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.00.
A number of equities research analysts have commented on ALLT shares. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Allot Communications in a report on Tuesday, February 7th. Zacks Investment Research downgraded Allot Communications from a “hold” rating to a “sell” rating in a report on Friday, February 10th. Finally, ValuEngine raised Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
Shares of Allot Communications (NASDAQ:ALLT) traded up 0.20% during mid-day trading on Monday, reaching $5.03. 13,491 shares of the company’s stock traded hands. The firm’s 50-day moving average is $4.88 and its 200 day moving average is $4.90. The firm’s market cap is $166.45 million. Allot Communications has a one year low of $4.50 and a one year high of $5.67.
Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. Allot Communications had a negative return on equity of 3.63% and a negative net margin of 8.85%. The company had revenue of $18.50 million for the quarter, compared to analyst estimates of $19.62 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Allot Communications’s revenue for the quarter was down 19.2% compared to the same quarter last year. Analysts predict that Allot Communications will post ($0.22) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in Allot Communications by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 672,500 shares of the communications equipment provider’s stock worth $3,221,000 after buying an additional 19,700 shares during the period. Soros Fund Management LLC increased its stake in Allot Communications by 38.5% in the fourth quarter. Soros Fund Management LLC now owns 3,326,166 shares of the communications equipment provider’s stock worth $15,932,000 after buying an additional 924,592 shares during the period. Norges Bank acquired a new stake in Allot Communications during the fourth quarter worth approximately $740,000. Horrell Capital Management Inc. increased its stake in Allot Communications by 32.0% in the first quarter. Horrell Capital Management Inc. now owns 165,000 shares of the communications equipment provider’s stock worth $785,000 after buying an additional 40,000 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Allot Communications by 71.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,207,993 shares of the communications equipment provider’s stock worth $10,510,000 after buying an additional 918,397 shares during the period. 43.41% of the stock is owned by 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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