Allot Communications Ltd. (NASDAQ:ALLT)’s share price was down 4.7% during trading on Tuesday . The company traded as low as $4.52 and last traded at $4.65, with a volume of 175,103 shares. The stock had previously closed at $4.88.

A number of equities analysts recently commented on ALLT shares. Wunderlich lowered shares of Allot Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from $7.00 to $5.50 in a research report on Tuesday, May 3rd. Zacks Investment Research lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Finally, Barclays PLC decreased their target price on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 7th.

The company’s 50-day moving average is $4.92 and its 200-day moving average is $4.94. The stock’s market cap is $153.68 million.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company earned $23 million during the quarter, compared to the consensus estimate of $24.43 million. During the same quarter last year, the company posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Allot Communications Ltd. will post $0.07 earnings per share for the current year.

An institutional investor recently raised its position in Allot Communications stock. P.A.W. Capital Corp increased its stake in Allot Communications Ltd. (NASDAQ:ALLT) by 17.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,130,000 shares of the company’s stock after buying an additional 170,000 shares during the period. Allot Communications makes up 7.4% of P.A.W. Capital Corp’s investment portfolio, making the stock its largest position. P.A.W. Capital Corp owned 3.37% of Allot Communications worth $6,577,000 as of its most recent SEC filing.

Allot Communications Ltd. (Allot) is a global provider of broadband solutions. The Company is focused on developing mobile, fixed and enterprise networks to support the digital lifestyle. Its solutions are based on its deep packet inspection (DPI) technology, identify and leverage the business intelligence in data networks.

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