Zacks Investment Research upgraded shares of Allot Communications (NASDAQ:ALLT) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
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. “
Several other equities analysts also recently commented on ALLT. BidaskClub downgraded Allot Communications from a hold rating to a sell rating in a research note on Thursday, December 21st. ValuEngine downgraded Allot Communications from a hold rating to a sell rating in a research note on Thursday, October 5th.
Shares of Allot Communications (ALLT) traded down $0.07 during midday trading on Tuesday, hitting $5.18. The stock had a trading volume of 142,400 shares, compared to its average volume of 50,350. Allot Communications has a 12-month low of $4.54 and a 12-month high of $6.09. The stock has a market cap of $598.15, a P/E ratio of -3.92 and a beta of 0.51.
An institutional investor recently bought a new position in Allot Communications stock. Senvest Management LLC acquired a new stake in Allot Communications Ltd (NASDAQ:ALLT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 139,367 shares of the communications equipment provider’s stock, valued at approximately $751,000. Senvest Management LLC owned about 0.42% of Allot Communications at the end of the most recent quarter. 44.48% of the stock is owned by institutional investors and hedge funds.
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Allot Communications Company Profile
Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.
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