Allot (NASDAQ:ALLT) Downgraded by Wall Street Zen to “Buy”

Allot (NASDAQ:ALLT) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Separately, William Blair assumed coverage on shares of Allot in a research report on Thursday. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Allot Trading Up 5.0%

Shares of NASDAQ ALLT opened at $7.79 on Friday. Allot has a 12 month low of $2.75 and a 12 month high of $10.77. The firm has a market capitalization of $362.47 million, a PE ratio of -155.80 and a beta of 1.32. The firm has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $7.24.

Allot (NASDAQ:ALLT) last released its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $24.05 million for the quarter, compared to the consensus estimate of $22.90 million. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. On average, sell-side analysts predict that Allot will post -0.18 earnings per share for the current year.

Institutional Trading of Allot

Several institutional investors have recently bought and sold shares of ALLT. G2 Investment Partners Management LLC purchased a new stake in Allot during the 2nd quarter valued at about $14,175,000. QVT Financial LP lifted its stake in Allot by 22.2% during the 2nd quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock valued at $36,598,000 after acquiring an additional 817,938 shares during the period. Kanen Wealth Management LLC lifted its stake in Allot by 19.6% during the 2nd quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider’s stock valued at $38,713,000 after acquiring an additional 742,146 shares during the period. Greenhaven Road Investment Management L.P. lifted its stake in Allot by 272.0% during the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock valued at $5,353,000 after acquiring an additional 457,726 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Allot during the 2nd quarter valued at about $3,164,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot 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.