Allot Communications (ALLT) Upgraded to “Strong-Buy” by ValuEngine

ValuEngine upgraded shares of Allot Communications (NASDAQ:ALLT) from a buy rating to a strong-buy rating in a report issued on Monday morning, ValuEngine reports.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Allot Communications from a hold rating to a sell rating in a research report on Thursday, March 28th. BidaskClub upgraded shares of Allot Communications from a hold rating to a buy rating in a research report on Wednesday, March 6th. Finally, Oppenheimer reiterated a hold rating on shares of Allot Communications in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $6.87.

ALLT opened at $8.11 on Monday. The firm has a market cap of $269.14 million, a PE ratio of -33.79 and a beta of 0.69. Allot Communications has a one year low of $4.90 and a one year high of $8.34.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $26.89 million during the quarter, compared to analyst estimates of $25.70 million. Allot Communications had a negative net margin of 10.87% and a negative return on equity of 5.79%. As a group, sell-side analysts anticipate that Allot Communications will post -0.21 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Cowen Prime Services LLC grew its position in Allot Communications by 173.0% in the fourth quarter. Cowen Prime Services LLC now owns 10,102 shares of the communications equipment provider’s stock worth $61,000 after acquiring an additional 6,402 shares in the last quarter. PEAK6 Investments LLC purchased a new position in Allot Communications in the fourth quarter worth $98,000. Jane Street Group LLC grew its position in Allot Communications by 38.5% in the fourth quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock worth $110,000 after acquiring an additional 5,037 shares in the last quarter. ETF Managers Group LLC grew its position in Allot Communications by 2,355.9% in the fourth quarter. ETF Managers Group LLC now owns 43,765 shares of the communications equipment provider’s stock worth $266,000 after acquiring an additional 41,983 shares in the last quarter. Finally, Worth Venture Partners LLC bought a new stake in Allot Communications in the third quarter worth $415,000. Institutional investors own 68.13% of the company’s stock.

Allot Communications 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.

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