Allot’s (ALLT) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Allot (NASDAQ:ALLT) in a research report released on Friday,Weiss Ratings reports.

A number of other analysts also recently weighed in on ALLT. William Blair initiated coverage on shares of Allot in a research report on Thursday, August 21st. They set an “outperform” rating for the company. Wall Street Zen downgraded shares of Allot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Zacks Research cut shares of Allot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Cowen began coverage on Allot in a research report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Needham & Company LLC initiated coverage on Allot in a research report on Thursday. They set a “buy” rating and a $12.50 target price on the stock. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Allot Stock Up 1.4%

Shares of NASDAQ:ALLT opened at $10.12 on Friday. The firm has a market cap of $470.88 million, a P/E ratio of -202.40 and a beta of 1.45. Allot has a 12-month low of $3.35 and a 12-month high of $11.42. The business has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $8.26.

Allot (NASDAQ:ALLT) last released its quarterly earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $24.05 million for the quarter, compared to analyst estimates of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. As a group, equities research analysts expect that Allot will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Allot

A number of large investors have recently modified their holdings of the company. LeConte Wealth Management LLC acquired a new position in shares of Allot during the third quarter valued at about $128,000. Silverberg Bernstein Capital Management LLC boosted its stake in Allot by 10.2% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 161,128 shares of the communications equipment provider’s stock valued at $1,705,000 after purchasing an additional 14,956 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Allot by 56.6% during the 2nd quarter. Osaic Holdings Inc. now owns 38,567 shares of the communications equipment provider’s stock worth $330,000 after purchasing an additional 13,934 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in shares of Allot in the second quarter worth approximately $14,175,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Allot by 61.5% in the second quarter. Engineers Gate Manager LP now owns 62,010 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 23,614 shares in the last quarter. 51.50% of the stock is currently owned by 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.