Allot Communications (NASDAQ:ALLT) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
ALLT has been the topic of several other reports. BidaskClub lowered Allot Communications from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Zacks Investment Research lowered Allot Communications from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Finally, Bank of America upgraded Allot Communications from an “underperform” rating to a “buy” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Allot Communications has an average rating of “Hold”.
Allot Communications (NASDAQ:ALLT) opened at $5.66 on Tuesday. The firm has a market capitalization of $636.55, a PE ratio of -3.01 and a beta of 0.51. Allot Communications has a twelve month low of $4.54 and a twelve month high of $6.09.
Several institutional investors have recently modified their holdings of ALLT. Senvest Management LLC bought a new stake in shares of Allot Communications in the third quarter valued at about $751,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Allot Communications in the fourth quarter valued at about $4,489,000. Essex Investment Management Co. LLC acquired a new stake in shares of Allot Communications in the fourth quarter valued at about $219,000. Unterberg Capital LLC acquired a new stake in shares of Allot Communications in the fourth quarter valued at about $1,119,000. Finally, Renaissance Technologies LLC increased its position in shares of Allot Communications by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 850,700 shares of the communications equipment provider’s stock valued at $4,534,000 after acquiring an additional 128,097 shares during the last quarter. Institutional investors own 54.01% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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