Unterberg Capital LLC acquired a new position in shares of Allot Communications Ltd (NASDAQ:ALLT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 210,000 shares of the communications equipment provider’s stock, valued at approximately $1,119,000. Allot Communications makes up about 1.4% of Unterberg Capital LLC’s investment portfolio, making the stock its 24th largest holding.
Several other hedge funds have also made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Allot Communications during the 4th quarter worth $4,489,000. Senvest Management LLC bought a new position in Allot Communications in the third quarter valued at about $751,000. Finally, Essex Investment Management Co. LLC bought a new position in Allot Communications in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 46.81% of the company’s stock.
Allot Communications Ltd (NASDAQ ALLT) opened at $5.43 on Tuesday. The company has a market capitalization of $179.85, a PE ratio of -10.06 and a beta of 0.65. Allot Communications Ltd has a 1 year low of $4.54 and a 1 year high of $6.09.
Allot Communications (NASDAQ:ALLT) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.89 million. Allot Communications had a negative net margin of 22.04% and a negative return on equity of 7.99%. Allot Communications’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. equities analysts expect that Allot Communications Ltd will post -0.32 EPS for the current fiscal year.
Several research firms have commented on ALLT. Zacks Investment Research downgraded Allot Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Bank of America upgraded Allot Communications from an “underperform” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, BidaskClub downgraded Allot Communications from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold”.
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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