Zacks Investment Research cut shares of Allot Communications Ltd. (NASDAQ:ALLT) from a hold rating to a sell rating in a report released on Monday morning.

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. “

Several other analysts have also recently weighed in on ALLT. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Allot Communications in a report on Tuesday, August 1st. ValuEngine raised shares of Allot Communications from a sell rating to a hold rating in a report on Thursday, May 11th.

Shares of Allot Communications (NASDAQ ALLT) traded up 2.04% on Monday, hitting $5.00. 32,396 shares of the stock were exchanged. The stock’s market cap is $166.00 million. Allot Communications has a 52-week low of $4.50 and a 52-week high of $5.67. The company’s 50 day moving average is $5.05 and its 200-day moving average is $4.92.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 14.06% and a negative return on equity of 5.88%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. Analysts predict that Allot Communications will post ($0.24) EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. 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 period. 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 period. Norges Bank purchased a new stake in shares of Allot Communications during the fourth quarter valued at $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 period. Finally, S Squared Technology LLC purchased a new stake in shares of Allot Communications during the first quarter valued at $1,409,000. 42.25% of the stock is currently owned by hedge funds and other institutional investors.

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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