Allot Communications (ALLT) Earns Hold Rating from Oppenheimer

Oppenheimer reaffirmed their hold rating on shares of Allot Communications (NASDAQ:ALLT) in a research note released on Tuesday morning.

A number of other brokerages have also issued reports on ALLT. Barclays upgraded shares of Allot Communications from an underweight rating to an equal weight rating and set a $6.00 price target on the stock in a research note on Friday, October 12th. Zacks Investment Research lowered shares of Allot Communications from a buy rating to a hold rating in a research note on Tuesday, October 9th. TheStreet upgraded shares of Allot Communications from a d+ rating to a c- rating in a research note on Thursday, August 23rd. ValuEngine lowered shares of Allot Communications from a buy rating to a hold rating in a research note on Tuesday, September 11th. Finally, Needham & Company LLC upgraded shares of Allot Communications from a hold rating to a buy rating and set a $6.35 price target on the stock in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Allot Communications currently has a consensus rating of Hold and an average price target of $6.45.

NASDAQ:ALLT traded up $0.19 on Tuesday, reaching $7.27. 116,911 shares of the company’s stock were exchanged, compared to its average volume of 203,907. The firm has a market capitalization of $239.04 million, a PE ratio of -20.77 and a beta of 0.35. Allot Communications has a 52-week low of $4.74 and a 52-week high of $7.27.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, November 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $24.22 million for the quarter, compared to analyst estimates of $23.75 million. Allot Communications had a negative net margin of 14.04% and a negative return on equity of 6.50%. As a group, equities analysts forecast that Allot Communications will post -0.24 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Allot Communications during the second quarter worth about $112,000. Jane Street Group LLC acquired a new position in shares of Allot Communications during the second quarter worth about $149,000. Russell Investments Group Ltd. acquired a new position in shares of Allot Communications during the second quarter worth about $1,130,000. Boston Partners acquired a new position in shares of Allot Communications during the second quarter worth about $1,523,000. Finally, Unterberg Capital LLC grew its position in shares of Allot Communications by 25.0% during the second quarter. Unterberg Capital LLC now owns 550,710 shares of the communications equipment provider’s stock worth $2,952,000 after buying an additional 110,282 shares in the last quarter. 55.84% of the stock is owned by institutional investors and hedge funds.

About Allot Communications

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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