Allot Communications (NASDAQ:ALLT) Downgraded by ValuEngine to “Buy”

ValuEngine downgraded shares of Allot Communications (NASDAQ:ALLT) from a strong-buy rating to a buy rating in a research report report published on Thursday, ValuEngine reports.

Several other equities analysts also recently weighed in on ALLT. Zacks Investment Research raised Allot Communications from a sell rating to a hold rating in a research report on Monday, July 15th. BidaskClub downgraded Allot Communications from a buy rating to a hold rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Allot Communications presently has an average rating of Hold and a consensus price target of $6.87.

NASDAQ ALLT remained flat at $$7.13 during trading on Thursday. The company’s stock had a trading volume of 111,422 shares, compared to its average volume of 42,680. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.98. The stock’s fifty day moving average is $7.46. Allot Communications has a 52 week low of $5.24 and a 52 week high of $8.34.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $25.34 million during the quarter, compared to the consensus estimate of $25.27 million. Allot Communications had a negative return on equity of 5.50% and a negative net margin of 10.12%. On average, sell-side analysts anticipate that Allot Communications will post -0.22 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Cowen Prime Services LLC grew its position in shares of Allot Communications by 41.4% during the second quarter. Cowen Prime Services LLC now owns 8,200 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 2,400 shares in the last quarter. Jane Street Group LLC grew its position in shares of Allot Communications by 38.5% during the fourth quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock worth $110,000 after buying an additional 5,037 shares in the last quarter. Deutsche Bank AG grew its position in shares of Allot Communications by 53.1% during the fourth quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock worth $1,335,000 after buying an additional 76,278 shares in the last quarter. Norges Bank acquired a new position in shares of Allot Communications during the fourth quarter worth about $910,000. Finally, Sphera Funds Management LTD. grew its position in shares of Allot Communications by 62.1% during the first quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after buying an additional 370,167 shares in the last quarter. 61.30% 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.

Featured Article: Strangles

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.