Allot Communications (NASDAQ:ALLT) Rating Lowered to Buy at ValuEngine

Allot Communications (NASDAQ:ALLT) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday, ValuEngine reports.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.87.

Shares of NASDAQ:ALLT remained flat at $$7.13 during trading on Thursday. 111,422 shares of the stock traded hands, compared to its average volume of 42,680. The company has a quick ratio of 2.71, a current ratio of 2.98 and a debt-to-equity ratio of 0.03. Allot Communications has a twelve month low of $5.24 and a twelve month high of $8.34. The firm’s 50-day moving average price is $7.46.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings data on Tuesday, May 14th. The communications equipment provider reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $25.34 million during the quarter, compared to the consensus estimate of $25.27 million. Allot Communications had a negative net margin of 10.12% and a negative return on equity of 5.50%. As a group, equities research analysts expect that Allot Communications will post -0.22 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Sphera Funds Management LTD. raised its position in Allot Communications by 62.1% in the 1st quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock valued at $7,669,000 after purchasing an additional 370,167 shares during the last quarter. Norges Bank purchased a new stake in Allot Communications in the 4th quarter valued at $910,000. Deutsche Bank AG raised its position in Allot Communications by 53.1% in the 4th quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock valued at $1,335,000 after purchasing an additional 76,278 shares during the last quarter. Jane Street Group LLC raised its position in Allot Communications by 38.5% in the 4th quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock valued at $110,000 after purchasing an additional 5,037 shares during the last quarter. Finally, Cowen Prime Services LLC raised its position in Allot Communications by 41.4% in the 2nd quarter. Cowen Prime Services LLC now owns 8,200 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 61.30% of the company’s stock.

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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