Allot Communications (ALLT) Stock Rating Lowered by BidaskClub

Allot Communications (NASDAQ:ALLT) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

ALLT has been the topic of several other research reports. Zacks Investment Research cut shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine cut shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th.

Allot Communications (ALLT) traded up $0.09 during mid-day trading on Friday, hitting $5.09. 110,158 shares of the company’s stock were exchanged, compared to its average volume of 63,177. Allot Communications has a 12-month low of $4.54 and a 12-month high of $6.09. The stock has a market capitalization of $596.76, a PE ratio of -3.86 and a beta of 0.51.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Allot Communications had a negative net margin of 15.54% and a negative return on equity of 6.19%. equities research analysts anticipate that Allot Communications will post -0.35 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prentiss Smith & Co. Inc. grew its holdings in Allot Communications by 2.2% in the second quarter. Prentiss Smith & Co. Inc. now owns 86,393 shares of the communications equipment provider’s stock worth $425,000 after purchasing an additional 1,832 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Allot Communications by 28.5% in the third quarter. Oppenheimer & Co. Inc. now owns 19,400 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 4,300 shares during the period. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 8,600 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 worth $10,865,000 after purchasing an additional 11,620 shares during the period. Finally, Spark Investment Management LLC grew its holdings in Allot Communications by 25.2% in the third quarter. Spark Investment Management LLC now owns 79,100 shares of the communications equipment provider’s stock worth $416,000 after purchasing an additional 15,900 shares during the period. Institutional investors own 44.48% of the company’s stock.

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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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