BidaskClub Downgrades Allot Communications (ALLT) to Sell

Allot Communications (NASDAQ:ALLT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, ValuEngine cut shares of Allot Communications from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of “Sell” and an average target price of $5.00.

Shares of Allot Communications (NASDAQ:ALLT) traded up $0.02 during trading hours on Thursday, hitting $5.27. 29,300 shares of the company’s stock were exchanged, compared to its average volume of 60,272. Allot Communications has a 52 week low of $4.54 and a 52 week high of $6.09.

An institutional investor recently bought a new position in Allot Communications stock. Senvest Management LLC bought a new position in shares of Allot Communications Ltd. (NASDAQ:ALLT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 139,367 shares of the communications equipment provider’s stock, valued at approximately $751,000. Senvest Management LLC owned 0.42% of Allot Communications as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 44.48% of the company’s stock.

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Allot Communications Company Profile

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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