Allot Communications Ltd. (NASDAQ:ALLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

Other research analysts have also recently issued reports about the company. ValuEngine cut Allot Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Allot Communications in a report on Sunday, May 14th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.00.

Allot Communications (NASDAQ:ALLT) traded up 0.58% during trading on Thursday, reaching $5.20. 16,855 shares of the company’s stock traded hands. The firm’s 50 day moving average is $5.02 and its 200-day moving average is $4.94. Allot Communications has a 12 month low of $4.50 and a 12 month high of $5.67. The company’s market capitalization is $172.07 million.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. Allot Communications had a negative net margin of 10.23% and a negative return on equity of 4.28%. The business had revenue of $18.50 million during the quarter, compared to the consensus estimate of $19.62 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. Analysts expect that Allot Communications will post ($0.21) EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in ALLT. Horrell Capital Management Inc. increased its position in Allot Communications by 64.3% in the second quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock worth $1,385,000 after buying an additional 106,100 shares during the period. Prentiss Smith & Co. Inc. increased its position in Allot Communications by 6.8% in the second quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock worth $414,000 after buying an additional 5,158 shares during the period. Soros Fund Management LLC increased its position in Allot Communications by 2.4% in the first quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock worth $16,216,000 after buying an additional 80,500 shares during the period. Renaissance Technologies LLC increased its position in Allot Communications by 1.3% in the first quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock worth $3,242,000 after buying an additional 8,600 shares during the period. Finally, Spark Investment Management LLC increased its position in Allot Communications by 55.9% in the first quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock worth $402,000 after buying an additional 30,300 shares during the period. 42.04% of the stock is owned by hedge funds and other institutional investors.

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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