Allot Communications (ALLT) – Investment Analysts’ Recent Ratings Changes

Allot Communications (NASDAQ: ALLT) recently received a number of ratings updates from brokerages and research firms:

  • 4/4/2019 – Allot Communications was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/3/2019 – Allot Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 4/1/2019 – Allot Communications was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 3/28/2019 – Allot Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/21/2019 – Allot Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/16/2019 – Allot Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/11/2019 – Allot Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/6/2019 – Allot Communications was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/4/2019 – Allot Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/26/2019 – Allot Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 2/22/2019 – Allot Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/20/2019 – Allot Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Allot Communications stock opened at $8.02 on Wednesday. The firm has a market capitalization of $270.15 million, a PE ratio of -33.42 and a beta of 0.69. Allot Communications Ltd has a fifty-two week low of $4.90 and a fifty-two week high of $8.34.

Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Allot Communications had a negative return on equity of 5.79% and a negative net margin of 10.87%. The business had revenue of $26.89 million during the quarter, compared to the consensus estimate of $25.70 million. Analysts forecast that Allot Communications Ltd will post -0.21 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cowen Prime Services LLC lifted its stake in Allot Communications by 173.0% in the 4th quarter. Cowen Prime Services LLC now owns 10,102 shares of the communications equipment provider’s stock worth $61,000 after acquiring an additional 6,402 shares in the last quarter. PEAK6 Investments LLC acquired a new position in Allot Communications in the 4th quarter worth about $98,000. Jane Street Group LLC increased its position 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 last quarter. ETF Managers Group LLC increased its position in Allot Communications by 2,355.9% in the 4th quarter. ETF Managers Group LLC now owns 43,765 shares of the communications equipment provider’s stock worth $266,000 after purchasing an additional 41,983 shares during the last quarter. Finally, Norges Bank acquired a new position in Allot Communications in the 4th quarter worth about $910,000. 68.13% of the stock is owned by institutional investors and hedge funds.

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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