Shares of Allot Ltd. (NASDAQ:ALLT – Get Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.3750.
A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Allot in a research report on Wednesday, May 13th. Northland Securities set a $17.00 target price on Allot in a research report on Thursday, August 13th. Needham & Company LLC lifted their price target on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Allot in a report on Friday, June 26th.
View Our Latest Stock Report on Allot
Insider Activity
Institutional Investors Weigh In On Allot
A number of institutional investors have recently made changes to their positions in ALLT. Worth Venture Partners LLC grew its position in shares of Allot by 4.6% in the 3rd quarter. Worth Venture Partners LLC now owns 43,941 shares of the communications equipment provider’s stock valued at $465,000 after buying an additional 1,946 shares during the last quarter. DCF Advisers LLC lifted its stake in shares of Allot by 2.9% in the fourth quarter. DCF Advisers LLC now owns 72,000 shares of the communications equipment provider’s stock worth $708,000 after acquiring an additional 2,000 shares during the period. Magnetar Financial LLC lifted its stake in shares of Allot by 10.8% in the third quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 2,192 shares during the period. XTX Topco Ltd boosted its holdings in Allot by 8.5% in the fourth quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock valued at $339,000 after acquiring an additional 2,718 shares during the last quarter. Finally, Quarry LP bought a new stake in Allot in the third quarter valued at approximately $37,000. Institutional investors own 51.50% of the company’s stock.
Allot Price Performance
Shares of NASDAQ:ALLT opened at $7.52 on Thursday. Allot has a one year low of $6.12 and a one year high of $11.92. The company has a market cap of $365.85 million, a price-to-earnings ratio of 34.18 and a beta of 1.50. The firm has a 50 day simple moving average of $7.89 and a 200 day simple moving average of $7.52.
Allot (NASDAQ:ALLT – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Allot had a net margin of 9.40% and a return on equity of 9.64%. The company had revenue of $27.74 million during the quarter, compared to the consensus estimate of $27.45 million. As a group, analysts expect that Allot will post 0.23 EPS for the current year.
Allot declared that its Board of Directors has initiated a stock buyback plan on Tuesday, June 23rd that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
About Allot
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.
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