Allot Communications (ALLT) Stock Rating Lowered by BidaskClub

Allot Communications (NASDAQ:ALLT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Allot Communications from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Oppenheimer reissued a “hold” rating on shares of Allot Communications in a research report on Tuesday, November 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.87.

NASDAQ ALLT opened at $7.39 on Friday. Allot Communications has a 12 month low of $4.90 and a 12 month high of $8.00. The stock has a market capitalization of $253.88 million, a price-to-earnings ratio of -30.79 and a beta of 0.68.

Allot Communications (NASDAQ:ALLT) last posted its earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. Allot Communications had a negative net margin of 10.87% and a negative return on equity of 5.79%. The company had revenue of $26.89 million for the quarter, compared to analysts’ expectations of $25.70 million. Equities research analysts forecast that Allot Communications will post -0.21 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of ALLT. Jane Street Group LLC lifted its holdings in shares of 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 valued at $110,000 after buying an additional 5,037 shares during the period. Sphera Funds Management LTD. lifted its holdings in shares of Allot Communications by 58.3% in the fourth quarter. Sphera Funds Management LTD. now owns 595,764 shares of the communications equipment provider’s stock valued at $13,513,000 after buying an additional 219,313 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of Allot Communications in the fourth quarter valued at $98,000. Boston Partners lifted its holdings in shares of Allot Communications by 78.4% in the fourth quarter. Boston Partners now owns 1,101,658 shares of the communications equipment provider’s stock valued at $6,687,000 after buying an additional 484,028 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in shares of Allot Communications by 2,355.9% during the fourth quarter. ETF Managers Group LLC now owns 43,765 shares of the communications equipment provider’s stock valued at $266,000 after purchasing an additional 41,983 shares during the last quarter. 66.48% of the stock is currently 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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