Allot Communications (NASDAQ:ALLT) Upgraded by BidaskClub to Hold

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

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

ALLT opened at $7.91 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 2.79 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $7.53 and a 200 day moving average price of $7.55. Allot Communications has a 1 year low of $5.67 and a 1 year high of $8.34.

Allot Communications (NASDAQ:ALLT) last posted 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). Allot Communications had a negative net margin of 8.91% and a negative return on equity of 6.28%. The firm had revenue of $26.55 million during the quarter, compared to analyst estimates of $26.63 million. On average, research analysts forecast that Allot Communications will post -0.28 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ALLT. Sphera Funds Management LTD. lifted its stake in shares of Allot Communications by 62.1% in the 1st quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock valued at $7,669,000 after purchasing an additional 370,167 shares during the period. Cowen Prime Services LLC lifted its stake in shares of Allot Communications by 41.4% in the 2nd quarter. Cowen Prime Services LLC now owns 8,200 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 2,400 shares during the period. Finally, Worth Venture Partners LLC increased its holdings in Allot Communications by 13.5% in the 2nd quarter. Worth Venture Partners LLC now owns 104,725 shares of the communications equipment provider’s stock worth $755,000 after acquiring an additional 12,442 shares in the last quarter. 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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