Zacks Investment Research Upgrades Allot Communications (ALLT) to Hold

Zacks Investment Research upgraded shares of Allot Communications (NASDAQ:ALLT) from a sell rating to a hold rating in a report issued on Tuesday.

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 brokerages have also commented on ALLT. ValuEngine lowered shares of Allot Communications from a hold rating to a sell rating in a research report on Thursday, October 5th. BidaskClub lowered shares of Allot Communications from a hold rating to a sell rating in a research report on Thursday, December 21st.

Shares of Allot Communications (NASDAQ ALLT) remained flat at $$5.25 during mid-day trading on Tuesday. The company had a trading volume of 36,181 shares, compared to its average volume of 37,200. Allot Communications has a 52 week low of $4.54 and a 52 week high of $6.09. The stock has a market cap of $596.30, a price-to-earnings ratio of -3.95 and a beta of 0.51.

A hedge fund recently bought a new stake in Allot Communications stock. Senvest Management LLC purchased a new position in shares of Allot Communications Ltd (NASDAQ:ALLT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 44.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Allot Communications

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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