Allot Ltd. (NASDAQ:ALLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Allot Ltd. (NASDAQ:ALLT) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.1250.

Several brokerages have recently issued reports on ALLT. Needham & Company LLC decreased their target price on Allot from $12.50 to $8.50 and set a “buy” rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Northland Securities set a $18.00 price objective on shares of Allot in a research report on Tuesday, January 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Allot in a research note on Thursday, February 19th.

Hedge Funds Weigh In On Allot

Institutional investors have recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in Allot during the second quarter valued at $173,000. JPMorgan Chase & Co. purchased a new position in shares of Allot during the 2nd quarter valued at $2,225,000. DCF Advisers LLC lifted its position in shares of Allot by 45.4% during the 2nd quarter. DCF Advisers LLC now owns 35,238 shares of the communications equipment provider’s stock valued at $301,000 after buying an additional 11,000 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Allot during the 2nd quarter worth $350,000. Finally, Worth Venture Partners LLC bought a new position in shares of Allot during the 2nd quarter worth $359,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Up 1.8%

ALLT stock opened at $6.63 on Thursday. The firm has a market cap of $321.22 million, a PE ratio of 82.89 and a beta of 1.62. The business has a 50 day moving average of $8.70 and a 200-day moving average of $9.36. Allot has a 12-month low of $4.37 and a 12-month high of $11.92.

Allot (NASDAQ:ALLT) last issued its quarterly earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Allot had a return on equity of 6.35% and a net margin of 3.63%.The business had revenue of $28.40 million for the quarter, compared to analyst estimates of $27.90 million. On average, research analysts expect that Allot will post -0.18 earnings per share for the current year.

Allot Company Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.