Allot Communications (ALLT) Raised to “Hold” at ValuEngine
ValuEngine upgraded shares of Allot Communications (NASDAQ:ALLT) from a sell rating to a hold rating in a report issued on Tuesday morning.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Allot Communications from a hold rating to a sell rating in a research note on Wednesday, February 14th. Bank of America upgraded Allot Communications from an underperform rating to a buy rating in a research note on Wednesday, February 7th. Finally, BidaskClub downgraded Allot Communications from a hold rating to a sell rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Allot Communications has a consensus rating of Hold.
Allot Communications (ALLT) opened at $5.65 on Tuesday. The company has a market capitalization of $628.78, a PE ratio of -3.02 and a beta of 0.51. Allot Communications has a 52 week low of $4.54 and a 52 week high of $6.09.
A number of hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC acquired a new position in Allot Communications in the fourth quarter valued at approximately $219,000. Deutsche Bank AG boosted its stake in Allot Communications by 635.4% in the fourth quarter. Deutsche Bank AG now owns 84,553 shares of the communications equipment provider’s stock valued at $450,000 after acquiring an additional 73,055 shares during the period. Senvest Management LLC boosted its stake in Allot Communications by 53.7% in the fourth quarter. Senvest Management LLC now owns 214,184 shares of the communications equipment provider’s stock valued at $1,142,000 after acquiring an additional 74,817 shares during the period. Renaissance Technologies LLC boosted its stake in 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 period. Finally, Unterberg Capital LLC acquired a new position in Allot Communications in the fourth quarter valued at approximately $1,119,000. Institutional investors own 54.01% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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