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 Tuesday.

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 subject of several other reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Allot Communications in a research note on Sunday, May 14th. ValuEngine upgraded Allot Communications from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th.

Allot Communications (ALLT) traded up 0.10% on Tuesday, hitting $4.96. 27,629 shares of the company’s stock traded hands. Allot Communications has a 12 month low of $4.50 and a 12 month high of $5.67. The stock has a 50 day moving average price of $5.08 and a 200-day moving average price of $4.91. The stock’s market cap is $164.67 million.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Allot Communications had a negative return on equity of 5.88% and a negative net margin of 14.06%. The business had revenue of $19.52 million during the quarter, compared to the consensus estimate of $19.20 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities analysts predict that Allot Communications will post ($0.24) earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. S Squared Technology LLC purchased a new stake in shares of Allot Communications during the first quarter valued at about $1,409,000. Norges Bank purchased a new stake in shares of Allot Communications during the fourth quarter valued at about $740,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Allot Communications by 71.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,207,993 shares of the communications equipment provider’s stock valued at $10,510,000 after buying an additional 918,397 shares during the period. Soros Fund Management LLC boosted its stake in shares of 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 valued at $16,216,000 after buying an additional 80,500 shares during the period. Finally, Horrell Capital Management Inc. boosted its stake in shares of 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 valued at $1,385,000 after buying an additional 106,100 shares during the period. 42.25% of the stock is currently owned by institutional investors and hedge funds.

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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