Allot (NASDAQ:ALLT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Allot Ltd. (NASDAQ:ALLT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.25 and traded as high as $8.56. Allot shares last traded at $8.47, with a volume of 316,909 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALLT. William Blair started coverage on Allot in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Wall Street Zen downgraded shares of Allot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Finally, Zacks Research raised Allot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Allot Stock Up 0.8%

The stock’s 50 day moving average price is $8.11 and its 200-day moving average price is $7.25. The stock has a market capitalization of $394.11 million, a PE ratio of -169.40 and a beta of 1.43.

Allot (NASDAQ:ALLT) last issued its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. The firm had revenue of $24.05 million during the quarter, compared to analyst estimates of $22.90 million. On average, analysts forecast that Allot Ltd. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its holdings in shares of Allot by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 3,500 shares in the last quarter. US Bancorp DE grew its stake in Allot by 17.6% during the 2nd quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock worth $580,000 after buying an additional 10,139 shares during the last quarter. DCF Advisers LLC increased its holdings in shares of Allot by 45.4% during the second quarter. DCF Advisers LLC now owns 35,238 shares of the communications equipment provider’s stock valued at $301,000 after acquiring an additional 11,000 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Allot by 56.6% during the second quarter. Osaic Holdings Inc. now owns 38,567 shares of the communications equipment provider’s stock worth $330,000 after buying an additional 13,934 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Allot during the 2nd quarter worth about $139,000. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

About Allot

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.