Allot Ltd. (NASDAQ:ALLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Allot Ltd. (NASDAQ:ALLT) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.1250.

Several analysts recently weighed in on ALLT shares. Zacks Research cut shares of Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen downgraded shares of Allot from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. TD Cowen set a $11.00 price objective on shares of Allot in a research report on Wednesday, February 25th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Allot in a research note on Thursday, February 19th. Finally, Needham & Company LLC dropped their target price on Allot from $12.50 to $8.50 and set a “buy” rating on the stock in a report on Thursday, February 26th.

Institutional Investors Weigh In On Allot

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in Allot in the third quarter valued at approximately $37,000. Kestra Advisory Services LLC purchased a new stake in shares of Allot during the 4th quarter worth approximately $62,000. State of Wyoming purchased a new stake in shares of Allot during the 4th quarter worth approximately $66,000. Wells Fargo & Company MN boosted its holdings in shares of Allot by 200.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,000 shares of the communications equipment provider’s stock valued at $88,000 after buying an additional 6,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Allot in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 51.50% of the company’s stock.

Allot Trading Down 0.4%

Allot stock opened at $6.71 on Thursday. The firm has a market capitalization of $325.10 million, a P/E ratio of 83.89 and a beta of 1.62. Allot has a twelve month low of $4.37 and a twelve month high of $11.92. The stock’s fifty day simple moving average is $9.13 and its 200-day simple moving average is $9.41.

Allot (NASDAQ:ALLT) last posted its quarterly earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Allot had a return on equity of 6.35% and a net margin of 3.63%.The company had revenue of $28.40 million for the quarter, compared to analyst estimates of $27.90 million. Sell-side analysts predict that Allot will post -0.18 earnings per share for the current year.

Allot Company Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.