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

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 a number of other reports. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a research note on Tuesday, August 1st. ValuEngine cut shares of Allot Communications from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th.

Allot Communications (ALLT) traded down 1.21% on Monday, reaching $4.90. 32,953 shares of the company’s stock traded hands. The stock’s market cap is $162.68 million. The company’s 50 day moving average is $5.05 and its 200-day moving average is $4.92. Allot Communications has a 52-week low of $4.50 and a 52-week high of $5.67.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.52 million for the quarter, compared to analysts’ expectations of $19.20 million. Allot Communications had a negative net margin of 14.06% and a negative return on equity of 5.88%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Equities analysts expect that Allot Communications will post ($0.24) EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. J. Goldman & Company acquired a new stake in Allot Communications during the third quarter valued at about $299,000. Rice Hall James & Associates LLC acquired a new stake in Allot Communications during the fourth quarter valued at about $1,653,000. J. Goldman & Co LP raised its stake in Allot Communications by 274.8% in the fourth quarter. J. Goldman & Co LP now owns 228,564 shares of the communications equipment provider’s stock valued at $1,330,000 after buying an additional 167,575 shares during the period. P.A.W. Capital Corp raised its stake in Allot Communications by 17.7% in the fourth quarter. P.A.W. Capital Corp now owns 1,130,000 shares of the communications equipment provider’s stock valued at $6,577,000 after buying an additional 170,000 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Allot Communications by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,866,840 shares of the communications equipment provider’s stock valued at $10,865,000 after buying an additional 11,620 shares during the period. 42.25% of the stock is currently owned by institutional investors.

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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