Oppenheimer Holdings, Inc. reissued their hold rating on shares of Allot Communications Ltd. (NASDAQ:ALLT) in a research note released on Tuesday morning.

ALLT has been the topic of several other reports. Zacks Investment Research upgraded Allot Communications from a strong sell rating to a hold rating in a research note on Friday, July 14th. ValuEngine cut Allot Communications from a hold rating to a sell rating in a research note on Thursday, May 18th.

Shares of Allot Communications (NASDAQ:ALLT) traded down 1.00% on Tuesday, hitting $4.96. The stock had a trading volume of 31,861 shares. The firm’s market cap is $164.67 million. The stock has a 50 day moving average of $5.05 and a 200 day moving average of $4.92. Allot Communications has a 12-month low of $4.50 and a 12-month high of $5.67.

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

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Several hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC boosted its stake in shares of Allot Communications by 55.9% in the first quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock valued at $402,000 after buying an additional 30,300 shares during the last quarter. Prentiss Smith & Co. Inc. boosted its stake in shares of Allot Communications by 6.8% in the second quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock valued at $414,000 after buying an additional 5,158 shares during the last quarter. Norges Bank bought a new stake in shares of Allot Communications during the fourth quarter valued at about $740,000. Horrell Capital Management Inc. boosted its stake in shares of Allot Communications by 32.0% in the first quarter. Horrell Capital Management Inc. now owns 165,000 shares of the communications equipment provider’s stock valued at $785,000 after buying an additional 40,000 shares during the last quarter. Finally, S Squared Technology LLC bought a new stake in shares of Allot Communications during the first quarter valued at about $1,409,000. Institutional investors and hedge funds own 42.32% 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.

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