Zacks Investment Research downgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
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. “
ALLT has been the topic of several other reports. 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.
Allot Communications (ALLT) traded up $0.04 during trading hours on Wednesday, reaching $5.31. 7,600 shares of the company were exchanged, compared to its average volume of 71,543. Allot Communications has a 1-year low of $4.54 and a 1-year high of $6.09. The firm has a market cap of $609.63, a price-to-earnings ratio of -4.02 and a beta of 0.51.
An institutional investor recently bought a new position in Allot Communications stock. Senvest Management LLC purchased a new position in Allot Communications Ltd (NASDAQ:ALLT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 44.48% of the stock is owned by hedge funds and other institutional investors.
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Allot Communications Company Profile
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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